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How will the borrowing be linked to the two properties

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Problem 1: Larry Lions borrowed $600,000 and used the funds to purchase an income producing property. Later on, he sold the property for $450,000. He used the $450,000 to acquire two properties: property A cost $200,000 and property B cost $250,000. How will the $600,000 in borrowing be linked to the two properties?

Reference no: EM132993460

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