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(2.c) What is the biggest loan Ann can get with a $1,400,000 down payment and 95% maximum LTV? NOTE: you may use the formula

(2.c) What is the biggest loan Ann can get with a $1,400,000 down payment and 95% maximum LTV? NOTE: you may use the formula Maximum Loan = ((LTV)/(1-LTV))*Down payment. $11,136,913.04

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