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Ann buys a house for $1,000,000. She gets a mortgage for $980,000 and pays the rest. What is Anns Loan to Value (LTV) ratio at

Ann buys a house for $1,000,000. She gets a mortgage for $980,000 and pays the rest. What is Anns Loan to Value (LTV) ratio at the time of purchase? How much home equity does she have?

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