Question: answer question asap plz Ann buys a house for $3,200,000. She gets a mortgage for $2,400,000 and pays the rest in cash. 1. What is
Ann buys a house for $3,200,000. She gets a mortgage for $2,400,000 and pays the rest in cash. 1. What is Ann's 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 (HEO) does Ann have
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