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Which of the following payments is the same amount each time it is paid?
A.
Principal
B.
Property taxes
C.
PMI
D.
Interest
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skullpatrol
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What does "PMI" stand for?
x1xofxaxkndx
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i have noooo clue !!!
ethompsonn
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private morgage insurence
ethompsonn
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thats what pmi stands for
x1xofxaxkndx
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see im dumb lol
ethompsonn
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no ur not;p
i googled it!
x1xofxaxkndx
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that makes me feel beter we now have 2 dumb people in the room lol
skullpatrol
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I would go with A because the principal of a loan doesn't change, but I'm guessing.
ethompsonn
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oh yeah! smartguy in da house ^^
skullpatrol
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It could be a lucky guess.
ParthKohli
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Skullpatrol is correct.
x1xofxaxkndx
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it was PMI
ParthKohli
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How do you say that? ^
x1xofxaxkndx
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the program said it was that lol
ParthKohli
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The program is wrong. :P
x1xofxaxkndx
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yeah it does that sometimes sucks i dont have a teacher to help me lol
skullpatrol
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Well the question does ask for a "payment" so that means a regular payment and that would rule out the principal. But the others could increase, unless your PMI is a contract with a fixed rate.
ParthKohli
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But I pay my principal every month.
She asks for school fee.
skullpatrol
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Like I said I'm just guessing I'm not into business...