Real Estate Math
An investor buys a Louisiana property for $280,000 and finances $224,000. What is the loan-to-value (LTV) ratio?
A75%
B80%✓ Correct
C85%
D90%
Explanation
LTV = Loan Amount ÷ Property Value = $224,000 ÷ $280,000 = 0.80 = 80%.
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