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Your client Ellis is purchasing a property for $520,000. He made a down payment of $200,000 and plans to finance $320,000. What is the LTV ratio as rounded to the nearest percentage

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abiolataiwo2015

The LTV ratio as rounded to the nearest percentage is:62%.

Loan-to-value ratio

Using this formula

Loan-to-value ratio = Margo finance / Purchase cost

Let plug in the formula

Loan-to-value ratio = $320,000 / 520,000×100

Loan-to-value ratio = 61.5%

Loan-to-value ratio =62% (Approximately)

Therefore the LTV ratio as rounded to the nearest percentage is:62%.

Learn more about LTV ratio here:https://brainly.com/question/24179651

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