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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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