Question: please solve as soon as possible. Suppose your lender agrees to an 80% LTV, the cost to borrow $1 at 8%% for 30 years equals

please solve as soon as possible.

please solve as soon as possible. Suppose your
Suppose your lender agrees to an 80% LTV, the cost to borrow $1 at 8%% for 30 years equals $0.0888 per year, NOI = $20,000, annual debt service = $7,000 and your down payment was $100,000. Using the Band of Investment Approach to estimating your cap rate, the cap rate would equal approximately: 0 7.1% lic O 2.6% B.BRK O 974

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