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15. Munawar is a first time buyer and bought a brand new townhouse in Oshawa for $200 000. He has saved enough to make a 10% down payment and will have to pay mortgage loan insurance at 3% of the mortgage balance. Munawar wants the insurance premium added to the maximum allowable loan balance. Determine his maximum initial mortgage balance. (2 Points) CQ O O O O $200,000 $185,400 $180,000 $212,000