Business, 10.05.2021 21:00 genyjoannerubiera

James and Kathryn Cameron want to buy a house for $420,000. The Camerons have a combined monthly income of $7,000, and are applying for a $336,000 loan with 5% annual interest, and a 30-year amortization schedule with monthly payments. They expect the property taxes to be $4,800 per year and hazard insurance payments to be $1,200 per year. In addition, the Camerons have a monthly student loan payment of $500, which is expected to continue for 30 years. What is the loan to value ratio (LTV)

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James and Kathryn Cameron want to buy a house for $420,000. The Camerons have a combined monthly inc...

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