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A loan was made 5 years ago for $340,000 at 7.5% for a 30 year term. Rates are currently 6.25%. What is the market value

A loan was made 5 years ago for $340,000 at 7.5% for a 30 year term. Rates are currently 6.25%. What is the market value of the loan? please show work

A) $386,107.45

B) $321,699.38

C) $340,000.10

D) $360,382.05

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