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please show work and use financial calculator! 8. Your firm recently sold an asset and financed the sale of the asset. The firm took back

please show work and use financial calculator! image text in transcribed
8. Your firm recently sold an asset and financed the sale of the asset. The firm took back a $170,000 loan on the equipment sale with monthly payments and 10% interest. The loan was a 5-year loan. Your firm now needs cash and desires to sell the loan. If investors require 12% rate of return to invest in this type of loan and 6 payments have been made on the loan, how much will your firm receive from the sale of this financial asset? Also how much principle will you lose if you sell the loan? ( 3 pts)

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