Determine market value of the loan


Problem:

A loan was made 10 years ago for $140,000 at 10.5% for a 30 year term. Rates are currently 9.25%.

Required:

Question: What is the market value of the loan?

  • $128,271
  • $147,600
  • $139,828
  • $151,395

Note: Provide support for your rationale.

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Finance Basics: Determine market value of the loan
Reference No:- TGS0880049

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