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Question 32 1 pts A house is sold with an assumable $156,000 below market loan at 8.5% for a remaining term of 15 years. Current

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Question 32 1 pts A house is sold with an assumable $156,000 below market loan at 8.5% for a remaining term of 15 years. Current rates are 9.75% for 15 year mortgages the house sold for $240,000 with the loan being assumed, what is the cash-equivalent value of the house? (That is, how much should the sales price be the loan cannot be assumed) O 202,339 193,258 $229,010 O $218,538

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