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Incorrect Question 5 0/2 pts Amy offered $800,000 for a house she liked and her...

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Incorrect Question 5 0/2 pts Amy offered $800,000 for a house she liked and her offer was accepted and went into escrow. She planned to pay $170,000 down payment and finance the remaining with 30-year fixed conventional mortgage. Later, the house was appraised for $720,000. Which of the following statements is true? She does not need to pay PMI because her loan-to-value is 78.75%. She has to pay PMI because her loan-to-value is 78.75% She has to pay PMI because her loan-to-value is 87.5% She does not need to pay PMI because her loan-to-value is 87.5% 0/2 pts Incorrect Question 6 Since 2009 Mike has contributed $30,000 to his Roth IRA. Now the Roth (25 years old now) wants to withdraw

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