Assume a mortgage loan requires a payment of $1,200 per month and a principal payment of $30,000 at the end of a 10-year life. At what amount could this loan be sold to mortgage lender if loans of similar quality carried a 6.5% interest rate?

Assume a mortgage loan requires a payment of $1,200 per month and a principal payment of $30,000 at the end of a 10 -year life. At what amount could this loan be sold to mortgage lender if loans of similar quality carried a 6.5% interest rate