9. (10 points) A lender makes a 10 year loan of 120,000 which is to be paid by level payments at the end of each month. The interest rate for the initial loan is 6 percent, nominal. After the 4'th year (48'th payment), the loan is sold to another investor, who wishes to make 3 percent interest (annual effective) off of the investment. But the borrower's payments remain the same. What is the selling price