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Wally Bee purchased a new home for $560,000 with a $100,000 down payment. He financed the remainder with a 7% mortgage for 30 years. What

Wally Bee purchased a new home for $560,000 with a $100,000 down payment. He financed the remainder with a 7% mortgage for 30 years. What is Wally's level of Private Mortgage Insurance (PMI)?

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