Brett Bought a House Five Years Ago for $150,000

Brett bought a house five years ago for $150,000.At that time he borrowed $140,000 from his bank.The house is now worth $162,000.If he wants to stop paying his private mortgage insurance,he can request termination of PMI.The current value of his mortgage must be no higher than

A) $122,000.
B) $126,360.
C) $140,000.
D) $150,000.
E) $162,000.

Correct Answer:

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