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A mortgage loan of $2,000,000 was made 5 years ago at 7% for a 25-year term. Now if the current market interest rate is 8%,

A mortgage loan of $2,000,000 was made 5 years ago at 7% for a 25-year term. Now if the current market interest rate is 8%, what is the market value of the loan?

a) $1,689,969.7

b) $1,697,087.2

c) $1,818,155.7

d) $1,923,382.3

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