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andrey2020 [161]
3 years ago
7

If Jessica purchases a property for $290,000, and borrows $200,000 she is said to have a LTV ratio of? 100%? 76%? 69%? 31%?

Mathematics
2 answers:
Katarina [22]3 years ago
7 0

Answer:

The LTV ratio 69 %.

Step-by-step explanation:

Since, the LTV( loan to value) ratio is obtained by dividing the borrowed amount by the appraised value of the property.

Given,

The value of property that is purchased = $ 290,000,

Also, the amount of loan or borrowed amount = $ 200,000,

Hence, the LTV ratio = \frac{200000}{290000}

=0.689655172414

=68.9655172414\%

=69\%

Third option is correct.

Luba_88 [7]3 years ago
3 0
The loan-to-value ratio (LTV) is the ratio fo the first mortgage amount to the appraised value of the property. Here, that is
  LTV = ($200,000)/($290,000)
  LTV = 0.689655
  LTV ≈ 69%
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Answer:

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Now, we know that when we divide N by 5, there is a remainder of 2 nuts, this means that N is equal to a multiple of 5 plus 2, then we can write:

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where j is a random integer.

Now we only need to find a pair of k and j (both positive integers) such that:

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