Question
A borrower with a 645 credit score is buying a $211,138 home with 95% LTV financing. The percent annual premium from the private mortgage
A borrower with a 645 credit score is buying a $211,138 home with 95% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 1.43% for a 30% coverage policy. The borrower's monthly premium payment is? (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01)
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
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