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The seller of Comparable Sale 1 provided a favorable loan of $1,000,000, an annual interest rate of 4.25%, and loan payments amortized over 30 years

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The seller of Comparable Sale 1 provided a favorable loan of $1,000,000, an annual interest rate of 4.25%, and loan payments amortized over 30 years (monthly payments). Current loan terms in the market are as follows: 5.50% annual interest rate Loan fully amortized over 30 years Two (2) points Answer the following (Round your answers two (2) decimal points): What is the favorable monthly payment? Given this payment, what is the present value of the loan at market interest? What is the value of the net benefit of the favorable loan of the entire term? OUESTION

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