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Peter is ready to purchase a house that costs $300,000. He wants the minimum LTV to avoid PMI. He qualifies for a 30-year fixed-rate loan
Peter is ready to purchase a house that costs $300,000. He wants the minimum LTV to avoid PMI. He qualifies for a 30-year fixed-rate loan at 5%, what is the total finance charges? (Choose the answer that is closest to the correct answer.)
$197,800 | ||
$200,000 | ||
$90,150 | ||
$223,700 |
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