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A lender offers an eight percent 20-year fully amortizing

A property has a net operating income of $220,000. A lender offers an eight percent, 20-year, fully amortizing mortgage loan (requiring monthly payments; annual constant of .1003728) in an amount that will result in a debt coverage ratio of 1.3 and a loan-to-value ratio of 70 percent. What is the value of the property?

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Finance Basics: A lender offers an eight percent 20-year fully amortizing

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Finance Basics: A lender offers an eight percent 20-year fully amortizing

Reference No:- TGS01478996

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