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To finance the purchase of a multifamily property 12 years ago, your investment group took a 40-year fixed-rate mortgage (FRM) at an annual interest rate

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To finance the purchase of a multifamily property 12 years ago, your investment group took a 40-year fixed-rate mortgage (FRM) at an annual interest rate of 3.8%. You are making a payment of $10,000 per month for this mortgage. What is the initial loan amount? (5 points)

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