You did not have 20% to put down on the house you purchased two years...
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You did not have 20% to put down on the house you purchased two years ago so you are paying PMI (private mortgage insurance). If you bought your house for $375,000 and due to increasing prices it is now worth $435,000, what is your debt to asset ratio if your mortgage is $336,000 ? Do you have at least 20% equity to be able to request your PMI be removed? Round to the hundredth percent. LU 16-3(2) 9. Problem 16-22: Calculate current ratio and quick ratio for Tootsie Roll. Select the problem you wich to do and then click on the sheet tab below. You did not have 20% to put down on the house you purchased two years ago so you are paying PMI (private mortgage insurance). If you bought your house for $375,000 and due to increasing prices it is now worth $435,000, what is your debt to asset ratio if your mortgage is $336,000 ? Do you have at least 20% equity to be able to request your PMI be removed? Round to the hundredth percent. LU 16-3(2) 9. Problem 16-22: Calculate current ratio and quick ratio for Tootsie Roll. Select the problem you wich to do and then click on the sheet tab below
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