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Business, 25.01.2020 01:31 lin550

Alender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. the lender requires an 85% loan-to-value ratio. how much can the borrower pay for a property and still qualify for this loan amount (to the nearest $1,000)?
a: $187,000
b: $243,000
c: $254,000
d: $259,000

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