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What is the minimum down payment have to make

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Reference no: EM132672466

Problem 1: You want to buy a $250,000 house and you will use a conventional mortgage. What is the minimum down payment you have to make to avoid having to purchase mortgage insurance?

A. $20,000
B. $30,000
C. $50,000
D. $40,000
E. $10,000

Reference no: EM132672466

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