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please, do this in a finance calculator 1. You are an investor who is considering buying a mortgage loan from a lender. The loan is
please, do this in a finance calculator
1. You are an investor who is considering buying a mortgage loan from a lender. The loan is a 30-year mortgage loan with an original principal amount of $195,000, at an annual interest rate of 5.65% and with monthly payments. The loan is now 10-years old, and you are considering buying the remaining 20-years of payments. What is the most that you should pay for this loan if the current market interest rate for a comparable loan is now 3.50% ? (A) $215,474 (B) $171,288 (C) $194,084 (D) $148,222 (E) $155,093 Step by Step Solution
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