Suppose that you intend to buy a house for $200,000. Calculate your leverage ratio for this investment in each of the following stuations.
You pay the entire $200,000 price in cash.
Leverage ratio is equal to o
You make a 25% down payment.
Leverage ratio is equal to
You make a 20% down payment.
Leverage ratio is equal to
You make a 5% down payment.
Leverage ratio is equal to