Question: A borrower has secured a 3 0 year, $ 1 5 0 . 0 0 0 loan at 7 % with constant monelly payments. Filteen
A borrower has secured a year, $loan at with constant monelly payments. Filteen years later, an investor wants to purchase the loan from the lender. If market inderest rates are what would the ievestor be wilig to pay for the loan?
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