Question
Question 5. 5. (TCO H) If operating expenses are $250,000, potential gross income is $650,000, and the maximum acceptable default ratio is .85, the largest
Question 5.
5.(TCO H) If operating expenses are $250,000, potential gross income is $650,000, and the maximum acceptable default ratio is .85, the largest mortgage loan the property will support with an annual debt service constant of .105 is:(Points : 5)
less than $2.9 million
between $2.9 million and $3.1 million
more than $3.1 million
not determinable with available information
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
