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Given the following information, calculate the equity that must be raised (or contributed) to purchase the property: Purchase price: $475,000 Initial loan-to-value ratio: 75% Up-front

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Given the following information, calculate the equity that must be raised (or contributed) to purchase the property: Purchase price: $475,000 Initial loan-to-value ratio: 75% Up-front financing costs: 3.0% of loan amount O A $133,000 B. $104,500 OC. $129,438 D. $108,063 O E. $118,750

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