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Business, 12.12.2019 03:31 emblemhacks
Given the following information, calculate the loan-to-value ratio of this commercial loan: estimated net operating income in the first year: $150,000; debt service in the first year: $100,000; loan amount: $1,000,000; purchase price: $1,300,000.
a. 1.75
b. 0.77
c. 0.08
d. 1.30
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Given the following information, calculate the loan-to-value ratio of this commercial loan: estimat...
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