Private Mortgage Insurance Typically Is Not Needed with a Down

question 189

Multiple Choice

Private mortgage insurance typically is not needed with a down payment of 20% or larger.Why?

• A)Not true,all mortgage loans require PMI.
• B)Buyers who have large down payments don't choose the extra insurance.
• C)Buyers who invest large down payments are more motivated to make their mortgage payments.
• D)All of the above
• E)None of the above

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A pricing approach that encompasses all production expenses, such as direct materials, direct labor, along with both variable and fixed overhead, in a product's cost.

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An accounting method that only allocates variable costs to inventory, treating fixed costs as period costs that are expensed in the period they are incurred.

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The profit realized from a business's operations after subtracting operating expenses from gross profit, indicating the efficiency of core business activities.