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answer 5 & 6 answer #1 only answer 5 & 6 only 3.5 pts Question 5 $300,000 house at 5.0% interest, 30-year loan, the LTV
answer 5 & 6
answer #1 only
answer 5 & 6 only
3.5 pts Question 5 $300,000 house at 5.0% interest, 30-year loan, the LTV is 85%. Assume that the PMI has an upfront premium of 2% and an annual premium of 0.5% based on loan amount How much is the monthly PMI payment? 511025 512132 S106 25 510132 3.5 pts Question 6 $300,000 house at 5.0% interest. 30-year loan, the LTV is 85%. Assume that the PMI has an upfront premium of 2% and an annual premium of 0.5% based on loan amount. How many months you have to pay PMI (when can you call your lender to request drop PMI payment)? 45 49 51 41 3.5 pts Question 7 $300,000 house at 5.0% interest, 30-year loan, the LTV is 85%. Assume that the PMI has an upfront premium of 2% and an annual premium of 0.5% based on loan amount After how many months your lender have to drop your PMI payment. 55 61 Step by Step Solution
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
