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A loan was made 5 years ago for $3,400,000 at 10.5% for a 30-year term. Rates are currently 9.25%. What is the market value of

A loan was made 5 years ago for $3,400,000 at 10.5% for a 30-year term. Rates are currently 9.25%. What is the market value of the loan?

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