Given the following information, calculate the loan to value (LTV) ratio of this commercial loan. . Estimated net operating income (NOI) in the first year: $155,000 Debt service in the first year: $85,000 Loan amount: $900,000 Purchase price: $1,300,000 Note: enter answer as a decimal with two decimal points, for example: 1.15 (rather than rounding up to 1.20) or 0.62 (rather than rounding down to 0.60). If you round your answer to one decimal point, you may get this problem wrong. Your Answer: Answer Question 5 (1 point) Show how you calculated the LTV in the previous question. A Question 6 (1 point) Now that you have calculated the loan-to-value (LTV) ratio in the previous problem, what does it mean exactly? In your answer, consider these questions: Do lenders want it to be high or low? Why? Do lenders have a range of acceptability