Let us assume that an investor can obtain an 80% LTV loan for a property valued at 500,000 at a 10% interest rate to be amortized over 25 years with monthly payments. If the property generates $70,000 net operating income per year, answer the following.

What is the amount of equity dividend?

a. $26,382.36

b. $15,477.96

c. $25,932.77

d. $28,563.25