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To finance the purchase of a house valued at $200,000, a homebuyer takes-out an FHA-insured mortgage loan for $170,000. If this homebuyer defaults on the
To finance the purchase of a house valued at $200,000, a homebuyer takes-out an FHA-insured mortgage loan for $170,000. If this homebuyer defaults on the loan, what amount of this $170,000 loan will be covered by the FHA mortgage insurance?
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