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$300,000 house at 5% interest, 30 year loan, the LTV is 85%. assume that the PMI has an upfront premium of 2% and an annual

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$300,000 house at 5% interest, 30 year loan, the LTV is 85%. assume that the PMI has an upfront premium of 2% and an annual premium of .5% based on loan amount. how much is the monthly PMI payment?

answer choices

$106.25

$110.25

$121.32

$101.32

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