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A house is sold with an assumable below-market loan with an outstanding balance of $336,000 at 3.5% (compounding monthiy) for a remaining leern of 15

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A house is sold with an assumable below-market loan with an outstanding balance of $336,000 at 3.5% (compounding monthiy) for a remaining leern of 15 ynars: Current rates? 3.9% for 15 year mortgages. If the house sold for $450,000, what is the cash-equivalent value of the house. 5440,942 $450,000 $308,019.08 3336,000 5400,000 $326,942

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