Question: Ann buys a house for $5,000,000. She gets a mortgage for $4,500,000 and pays the rest. What is Anns Loan to Value (LTV) ratio at

Ann buys a house for $5,000,000. She gets a mortgage for $4,500,000 and pays the rest. 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.

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