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QUESTION 16 Ann wants to buy a building. The annual NOI for the building will be $100,000. She wants to get a 10 year interest

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QUESTION 16 "Ann wants to buy a building. The annual NOI for the building will be $100,000. She wants to get a 10 year interest only fixed rate mortgage at an annual rate of 5% with annual compounding and annual payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 1.20. If Ann gets a 50% LTV loan for $500,000, what is her DSCR

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