Bertrand is buying a $$150,000$ home at $4\%.$ He is putting $$50,000$ down and paying $$1800$ in annual taxes spread over his $12$ monthly payments. The loan is a $20-$year loan with a monthly principal and interest payment of $$600.$

Question $5$

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How much will Bertrand's monthly P

MI payment be$?$

Select one:

a$.$ None of these is correct

b$.$ Zero. His loan balance is less than $80\%$ of the home value.

c$.$ $$42$

d$.$ $$500$

Question $6$

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How much will Bertrand's monthly

mortgage be $($PITI$)?$

Select one:

a$.$ $$822$

b$.$ $$780$

C$.$ $$792$

d$.$ $$750$