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Your firm recently sold an asset and financed the sale of the asset. The firm took back $ 8 0 , 0 0 0 loan

Your firm recently sold an asset and financed the sale of the asset. The firm took back $80,000 loan on the equipment sale with monthly payments and 8% interest. The loan was a four-year loan. Your firm now needs cash and desires to sell the loan. If investors require 12% rates to return to investment in this type of loan and four payments have been made on the loan, how much will your firm receive from the sale of this financial asset?

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