He is looking to invest into apartments in a new residential building in Bushwick, Brooklyn. He has
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He is looking to invest into apartments in a new residential building in Bushwick, Brooklyn. He has just enough cash to buy one apartment without any financing. he recently learned about leverage. If he uses all of his cash and takes advantage of the 90% LTV loans from the bank, how many apartments can he invest in?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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