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Given the following information, calculate the loan-to-value (LTV) ratio required to purchase the specific property: purchase price: $400,000; down payment: 20% of purchase price; up-front

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Given the following information, calculate the loan-to-value (LTV) ratio required to purchase the specific property: purchase price: $400,000; down payment: 20% of purchase price; up-front financing costs: 3.0% of loan amount; term: 30 years; interest rate: 4.0%

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