Ron is ready to purchase a house that costs $300,000. He wants the minimum LTV to avoid PMI. He qualifies for a 15-year fixed-rate loan
Ron is ready to purchase a house that costs $300,000. He wants the minimum LTV to avoid PMI. He qualifies for a 15-year fixed-rate loan at 4.5%, what is the total finance charges?
A) $80,890
B) $90,500
C) $90,150
D) $90,900
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Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
