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A borrower with a 710 credit score is buying a $418,821 home with 90% LTV financing. The percent annual premium from the private mortgage
A borrower with a 710 credit score is buying a $418,821 home with 90% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 0.78% for a 30% coverage policy. The borrower's monthly premium payment is? Note: the question is asking for the monthly premium only, not the loan payment + premium.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
