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14 . 1 point When a mortgage loan is obtained, the equity required at property acquisition is a function of the acquisition price and the

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14 . 1 point When a mortgage loan is obtained, the equity required at property acquisition is a function of the acquisition price and the net loan proceeds, Given the following information determine the required equity down payment on the property - Acquisition price: $1,600,000 - Loan amount: $900.000 - Upfront financing cost: 3% 652.000 679.000 700,000 727000

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