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A bank has $ 4 7 million in full amortized consumer loans with an average maturity of 5 0 months. The average at issue interest

A bank has $

47

million in full amortized consumer loans with an average maturity of

50

months. The average at issue interest rate on the loans was

4.75 %,

but the current interest rate is

5.95 % .

What is the current market value of these loans to the nearest dollar?

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