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A property is financed with a 60% loan-to-value ratio at 8% interest over 25 years. What would the BTIRRE on equity be estimated at given

A property is financed with a 60% loan-to-value ratio at 8% interest over 25 years. What would the BTIRRE on equity be estimated at given that the BTIRRP is 11?

a) 10.1% b) 13.8% c) 15.0% d) 15.5%

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