What would the investor be willing to pay for the loan

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Reference no: EM131497216

A borrower has secured a 30 year, $150,000 loan at 7% with monthly payments. Fifteen years later, an investor wants to purchase the loan from the lender. If market interest rates are 5%, what would the investor be willing to pay for the loan? Please show steps on how to calculate.

Reference no: EM131497216

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