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If the Maximum Loan-To-Value Ratio That a Lender Will Accept

Question 33

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a $100,000 loan is 80 percent,then the borrower must make a down payment of at least

A) $100,000.
B) $ 80,000.
C) $ 50,000.
D) $ 20,000.
E) none of these.

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