$1.$ A loan was made $5$ years ago for $$180,000$ at $12\%$ for a $10$ year term. Interest rate is currently $10\%.$ What is the market value of the loan?

$180000=$x$*($PVIFA$1\%,120)=$x$*69\mathrm{.}7005$

x$=2582\mathrm{.}5$

$2582\mathrm{.}5*($PVIFA$0\mathrm{.}83\%,60)=2582\mathrm{.}5*47\mathrm{.}0654=121546\mathrm{.}3$