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The Harrises have saved $75,000 toward a home purchase. They estimate that acquisition costs would equal $15,000. If they wish to avoid the requirement for

The Harrises have saved $75,000 toward a home purchase. They estimate that acquisition costs would equal $15,000. If they wish to avoid the requirement for default insurance on their mortgage, what is the most expensive home they could purchase?

Points: 1

  1. $330,000
  2. $360,000
  3. $300,000
  4. $375,000

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