A Loan Was Made 10 Years Ago for $140,000 at 10.5

question 34

Multiple Choice

A loan was made 10 years ago for $140,000 at 10.5% for a 30 year term.Rates are currently 9.25%.What is the market value of the loan?

• A)$128,271
• B)$147,600
• C)$139,828
• D)$151,395

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Definitions:

Input Prices Rising

A condition where the costs of the raw materials and components needed for production increase.

Fall in the Price

A decrease in the market price of a good or service over a specific period of time.

Number of Sellers

The total count of individual or entities offering a particular good or service in a market.

Future Price Increases

Future price increases refer to anticipated rises in the price level of goods or services over a certain period, often due to factors like inflation, cost increases, or higher demand.