Finance
The loan-to-value (LTV) ratio for a $270,000 purchase with a $54,000 down payment is:
A20%
B80%✓ Correct
C85%
D90%
Explanation
LTV = Loan Amount ÷ Property Value = ($270,000 − $54,000) ÷ $270,000 = $216,000 ÷ $270,000 = 80%. Using the values given ($270,000, $54,000), apply the appropriate formula..
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