Question: A bank makes a 30 year Fully Amortizing, Fixed Rate Mortgage (FRM) for $2,000,000 at an annual interest rate of 4.125% compounded monthly, with monthly

A bank makes a 30 year Fully Amortizing, Fixed Rate Mortgage (FRM) for $2,000,000 at an annual interest rate of 4.125% compounded monthly, with monthly payments. What is the market value of this loan after 7 years of payments if the annual market rate of interest for this loan is 9% compounded monthly? $1,726,113.67 $1,128.052.36 $1,199,952.38 $598,061.31

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