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QUESTION 25 Suppose you have obtained a 69, 30-year fully amortizing FHA mortgage loan of 5144,750.00 to finance the purchase of your primary residence. In

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QUESTION 25 Suppose you have obtained a 69, 30-year fully amortizing FHA mortgage loan of 5144,750.00 to finance the purchase of your primary residence. In so doing you must pay an additional mortgage insurance premium (MIP) of 1.10% of the first-year average loan balance is $140,407,56, determine the first year monthly Insurance premium payment. O $841.81 O $128.70 5139.13 $867.85

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