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A lender has offered to finance the purchase at the following terms: 60% Loan-to-Value 5% Interest Rate, Interest-only payments for 10 years What is your

A lender has offered to finance the purchase at the following terms:

60% Loan-to-Value

5% Interest Rate,

Interest-only payments for 10 years

What is your Year 1 Cash-on-Cash Return?

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