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Mathematics, 01.10.2019 10:00 bedsaul12345

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.
$6,250
c.
$625
b.
$118,750
d.
$62,500

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