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

Use the below information to answer the following 3 questions. Report all answers with 2 decimal places.

Next years projected NOI: $950,000

Interest rate: 4.00%

Term: 15

Amortization: 15

Purchase price: $15,000,000

Down payment: $2,500,000

Question 8

Question 83 pts

What is the LTV?

83.33

76.67

88.83

None of these are correct

78.00

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