Subject - account Please help me. Thankyou. You have given the bank a property valued at $900,000 to secure a loan. The banks policy is to lend at a loan-to-value ratio (LVR) of not more than 80%. The loan balance outstanding is now $646.000 and a recession has occurredreducing the value of your property to $600,000. What is the total value of the collateral security that the bank willneed to hold for you to remain compliant with the banks policy on LVR?Select one:O a. $646.000.Ob. $600.000c. $807,500d. $760.000

Loan-to-value (LTV) is simply calculated by taking the loan amount and dividing it by the value of…

Answered: "alue ratio (LVK) 80%. The standing is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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"alue ratio (LVK) 80%. The standing is educing the value of your property to $600,000. What is the total value of the collateral security that the bank will need to hold for you to remain compliant with the banks policy on LVR Select one: O a. $646.000. O b. $600.000 c. $807,500 O d. $760.000