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25-12-2023
Business

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A lender offers an investor a maximum of 70% LTV loan on the appraised value of a property. If the investor pays $230,000 for the property, and this is 15% more than the appraised value, how much will the investor have to pay as a down payment?

A) $93,150.
B) $79,350.
C) $90,000.
D) $69,000.

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