Question: Explain how to solve on calculator or by hand 0 . What is the Debt Coverage Ratio for a $10,500,000 loan with a 5.10% interest

Explain how to solve on calculator or by hand

0 . What is the Debt Coverage Ratio for a $10,500,000 loan with a 5.10% interest rate for a 10 -year term and a 30 year amortization assuming monthly payments - the property has an annual underwritten NOI or cash flow of $850,000 ? Round to Hundredths. (A) 1.24x (B) 14.91x (C) 4.28x (D) 7.60x

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