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Use the below information to answer the following 3 questions. Report all answers with 2 decimal places. Next year's projected NOI: $950,000 Interest rate: 4.00%

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Use the below information to answer the following 3 questions. Report all answers with 2 decimal places. Next year's projected NOI: $950,000 Interest rate: 4.00% Term: 15 Amortization: 15 Purchase price: $15,000,000 Down payment: $2,500,000 Question 8 2.5 pts What is the LTV? 76.67 88.83 83.33 78.00 None of these are correct

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