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Real Estate Math-13 Test Quiz Verified and 100% Correct Q & A, Complete Document for Exam
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Real Estate Math-13 Test Quiz Verified and 100% Correct Q & A, Complete Document for Exam
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Real EstateMath-13 Quiz
Circle the letter of the Answer that corresponds to the displayed Question.
1. P=%xT
A. Cash due at closing as shown on the statement
B. Loan to value ratio-the percent of the price that the buyer is borrowing-high LTV means low down
payment
C. Part equals percent times total- a basic formula for real estate math
D. Monthly payment amount of principal and interest required to amortize a loan of $1000 based on the
interest rate and term of the loan-loan amount divided by 1000 times the factor equals payment
2. Loan Factor
A. A debt at closing as shown on the closing statement
B. Loan to value ratio-the percent of the price that the buyer is borrowing-high LTV means low down
payment
C. Cash due at closing as shown on the statement
D. Monthly payment amount of principal and interest required to amortize a loan of $1000 based on the
interest rate and term of the loan-loan amount divided by 1000 times the factor equals payment
Circle the letter of the Question that corresponds to the displayed Answer.
3. A debt at closing as shown on the closing statement
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