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Hansen Bank ended 2022 with $1.2 billion in real estate loans, and the management has decided on a growth goal of 8% in this segment
Hansen Bank ended 2022 with $1.2 billion in real estate loans, and the management has decided on a growth goal of 8% in this segment for 2023. The bank also anticipates runoff of $75 million for the year in 2023. What should Hansen Bank target for its new real estate loan volume in 2023? Enter your answer in millions (for example, $10 million should be entered as 10.)
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