You have given the bank a property valued at $800.000 to secure a loan. The banks policy is to lend at a loan-to- value ratio (LVR) of not more than 85%. The loan balance outstanding is now $646,000 and a recession has occurred reducing the value of your property to $600.000. What is the total value of the collateral security that the bank will now for you to remain compliant with the banks policy on VR Select one: a $600,000 b. $760,000 C. $800.000 d. $646.000