Finance
A Wyoming commercial lender who requires a 'loan-to-value ratio' of no more than 75% on a $1,500,000 commercial property will lend a maximum of:
A$1,000,000
B$1,125,000✓ Correct
C$375,000
D$1,200,000
Explanation
Maximum loan = $1,500,000 × 75% = $1,125,000. To solve this, multiply the relevant values: $1,500,000 at 75%..
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