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The loan on a property is 85% of its appraised value. If the interest rate is 61/2% and the monthly interest payment is 718.25 what

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The loan on a property is 85% of its appraised value. If the interest rate is 61/2% and the monthly interest payment is 718.25 what is the appraised value, what is the appraised value of the property? Select one: a. $110,225 b. $156,000 c. $132,600 d. $219,785

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