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you got a loan 5yrs ago. loan terms were 10%, 20 years, 3 points, with a prepayment penalty of 3% if prepaid within 4 years.

you got a loan 5yrs ago. loan terms were 10%, 20 years, 3 points, with a prepayment penalty of 3% if prepaid within 4 years. what is the market value of the loan today if the current market rate is 11%? how did he get the answer???

original loan = $90,000

his answer was $76,414.

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