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A buyer wants to purchase a home valued at $187,500, and the bank informs the buyer that if they take a loan over 80% in

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A buyer wants to purchase a home valued at $187,500, and the bank informs the buyer that if they take a loan over 80% in LTV, they need to budget for PMI payments. If the buyer wants to avoid PMI, what is the maximum amount of the loan they can take? Enter the answer below as a positive number, no dollar sign, and two decimals. Your

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