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50. Determine the cash-equivalent value of the following assumable loan, which had an original term of 30 years. Original balance Contract rate Market rate Remaining

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50. Determine the cash-equivalent value of the following assumable loan, which had an original term of 30 years. Original balance Contract rate Market rate Remaining term $95,000.00 9% 115% 22 years (you must show your work)

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