Which of the following is used when describing the monthly charges on a mortgage?
a. BIS
b. CPI
c. FII
d. PITI
ANSWER: PITI
Explanation:
PITI is the common acronym for principal, interest, taxes, and insurance.
a. BIS
b. CPI
c. FII
d. PITI
ANSWER: PITI
Explanation:
PITI is the common acronym for principal, interest, taxes, and insurance.
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