What would the investor be willing to pay for the loan

Reference no: EM131948587

Question: 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! The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131948587

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