Leverage ratio associated with this condo when he moves

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Reference no: EM13834783

Brian has grown tired of paying rent each month to his landlord and has decided to purchase a condo. Brian has been saving money and has $51025.00 that he will use as a down payment on this condo. He will take out a mortgage to pay the remaining price. Brian finds a suitable condo and negotiates a price of $350463.00.

Upon moving in, how much equity does brian have in this condo?

A. 51025

B. 350463

C.299438

D. 0

What is Brian's leverage ratio associated with this condo when he moves in?

A. 299438

B. 5.868457

C. 0.1704026

D. 0.1455931

Reference no: EM13834783

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