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Formulas: LTV - (Mortgage balance / Acquisition price) DCR = (Net operating income / Debt service) Maximum debt service - NOI/Minimum DCR A recent UCF

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Formulas: LTV - (Mortgage balance / Acquisition price) DCR = (Net operating income / Debt service) Maximum debt service - NOI/Minimum DCR A recent UCF graduate wishes to invest in a commercial property which will involve a $200,000 mortgage loan with an annual interest rate of 6%. The lender will grant a 10-year term, interest only mortgage. What will be her level monthly payment and how much will she owe at the end of the loan term? $1,000, 5200,000 $2.020 $200,000 None of these answers is correct $1,000; SO $2.020:50

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