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A loan was made 15 years ago for $1,200,000 at 8% for a 25 year term. Rates are currently 6%. What is the market value

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A loan was made 15 years ago for $1,200,000 at 8% for a 25 year term. Rates are currently 6%. What is the market value of the loan assuming an annual basis? O $73,461.33 $73,070.05 $74,202.84 $72,856.91

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