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15. 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

15. 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 $1,144,000, purchase price: $1,300,000

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