A Lender Requires a 1

question 15

Multiple Choice

A lender requires a 1.20 debt coverage ratio as a minimum.If the net operating income of a property is $60,000,what is the maximum amount of debt service the lender would allow?

• A)$30,000
• B)$50,000
• C)$60,000
• D)$72,000

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Definitions:

Terror

The use of extreme fear as a means of coercion, often involving violence and threats, to achieve certain ends such as political, religious, or ideological goals.

Directorate

refers to a form of government or a governing body, such as the five-member Directory that ruled France from 1795 to 1799 during the latter stages of the French Revolution.

Conservative Body

A group or organization that advocates for maintaining traditional values and resisting major changes in societal or political structures.