Finance
A Massachusetts condominium buyer's monthly PITI payment includes all of the following EXCEPT:
APrincipal
BInterest
CTaxes
DInsurance✓ Correct
Explanation
PITI stands for Principal, Interest, Taxes, and Insurance — all are included. This is a trick question: all four are included in PITI. The condominium monthly fee (HOA/condo fee) is a separate payment in addition to PITI.
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