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Question 19 (1 point) Three years ago, Jim bought a house at which time he arranged a mortgage for $120,000. The loan has monthly payments

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Question 19 (1 point) Three years ago, Jim bought a house at which time he arranged a mortgage for $120,000. The loan has monthly payments of $822,06 and an outstanding balance of $108.904.49 due at the end of the 5 year term has just received an offer from Alice to buy his house. Alice's offer consists of $25,000 cash and assumption of the existing financing for the remainder of the term current lending rates for 2-year term mortgages are 8.75% per annum, compounded semiannually, what is the market value of Alice's offer? $97.335,06 $109,829.02 $122.335.06 $134,829.02

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