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If the lender has agreed to offer you a loan with a loan-to-value ratio of 85%, what is the size of the loan if the
If the lender has agreed to offer you a loan with a loan-to-value ratio of 85%, what is the size of the loan if the purchase price of the home is $500,000?
Multiple Choice
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$75,000
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$400,000
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$425,000
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$588,235
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
