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urgent help please 1 Tom is looking to buy his first home but is only putting 5% as a down payment. This requires him to

urgent help please

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1 Tom is looking to buy his first home but is only putting 5% as a down payment. This requires him to obtain a Canada Mortgage and Housing Corporation (CMHC) Ioan insurance of 4%. The home that Tom made an offer on and secured was for $320,000. What is Tom's mortgage loan insurance? $15,360$8,300$12,160$16,000

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