Finance
A loan-to-value ratio (LTV) of 80% on a $300,000 purchase means the borrower is financing:
A$60,000
B$180,000
C$240,000✓ Correct
D$270,000
Explanation
LTV of 80% means the loan is 80% of the purchase price: $300,000 × 0.80 = $240,000. The borrower's down payment would be $60,000 (20%).
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