Mathematics, 09.02.2021 01:00 Geo777

You have found a home that you are interested in purchasing. Instead of a conventional loan, you agree to pay the premium for the private mortgage insurance (PMI), which finances 95% of the loan. The amount of the home is listed at $125,000. From the given information, determine the amount needed for the down payment to qualify for the PMI loan. A. 6250
B. 118750
C. 625
D. 62500

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You have found a home that you are interested in purchasing. Instead of a conventional loan, you agr...

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