1. Round all dollar amounts to the nearest cent and dont enter the dollar sign.

E.g. if the answer is $1,022.912, enter it as 1,022.91.

Commas dont matter, hence you can also enter 1022.91.

2. Round all percentages to the nearest basis point and dont enter the percent sign.

E.g. if the answer is 17.238%, enter it as 17.24.

If the answer is 0.52%, enter it as 0.52.

For this group of questions (1 & 2):

Ann buys a house for $2,000,000. She gets a mortgage for $1,500,000 and pays the rest in cash.

1. What is Anns Loan to Value (LTV) ratio at the time of purchase? Write the answer as a percent so for example 2.5% should be written as 2.5%, not as 0.025.
2. How much home equity (HEQ) does Ann have?