Question: Four years ago, you borrowed $265,000 using a 15-year fixed-payment mortgage with a 6% interest rate. If the today's mortgage rate is 4%, what is

Four years ago, you borrowed $265,000 using a 15-year fixed-payment mortgage with a 6% interest rate. If the today's mortgage rate is 4%, what is the market value of the remaining schedule? And if today's mortgage rate is 7% what is the current market value of your loan?

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