Multiple Choice
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) 0.08
B) 0.77
C) 1.30
D) 1.75
Correct Answer:
Verified
Correct Answer:
Verified
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