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please show all work plus steps as well as the formulas . 3 6 You own a property and need to calculate the debt coverage
please show all work plus steps as well as the formulas .
3 6 You own a property and need to calculate the debt coverage ratio to make sure you comply with lender reporting requirements. The property's NOT is $30,000. You acquired the property for $455,000. The loan included a down payment of 30% and! a mortgage constant of 0.06543. QUESTION: What is your debt coverage ratio (DCR)? Enter your answer with 2 decimal points. For example, if you calculated 1,5427, you would enter 1.54 instead of rounding down to 1.5. Please upload your work below, making sure to: (1) show the formula for the DCR and (2) explain how you calculated the DCR in this Step by Step Solution
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