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Your firm recently sold an asset and financed the sale of the asset. The firm took back a $ 8 0 , 0 0 0
Your firm recently sold an asset and financed the sale of the asset. The firm took back a $ loan on the equipment sale with monthly payment and interest. The loan was a year loan. Your firm now needs cash and desires to sell the loan. If investors require rate of return to invest in this type of loan and payments have been made on a loan, how much will your firm receive from the sale of these financial asset? What is the value of a loan?
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