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A $100,000 mortgage loan at 10.00% on a 25-year amortization schedule has been performing well. However, it is now 10 years later and interest rates

A $100,000 mortgage loan at 10.00% on a 25-year amortization schedule has been performing well. However, it is now 10 years later and interest rates have risen to 12.00%. The Bank that holds the mortgage loan wants to sell it and they are willing to take a discount. How much is the loan worth if you wanted to purchase it today?

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