Question: A lender requires a 1.3 debt coverage ratio as a minimum. If the net operating income of a property is $118,600, what is the highest

A lender requires a 1.3 debt coverage ratio as a minimum.

A lender requires a 1.3 debt coverage ratio as a minimum. If the net operating income of a property is $118,600, what is the highest annual amount of debt service that would be acceptable? Ch12 a. $99,412 b. $91,231 O c. $84,216 O d. $77,100

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