Real Estate MathLoan_and_interest_calculationsEASY
A lender will make a loan at 85% loan-to-value on a property priced at $480,000. What is the loan amount?
Correct Answer
D) $408,000
Multiply the price by the LTV ratio: $480,000 × 85% = $408,000.
Answer Options
A
$432,000B
$72,000C
$4,080D
$408,000Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Real World Application in Real Estate Math
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Related Topics & Key Terms
Key Terms:
loan_and_interest_calculationsltvloan_amountfinancing_math
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