Finance
What does 'PITI' stand for in a Rhode Island monthly mortgage payment?
APrincipal, Insurance, Tax, Interest
BPrincipal, Interest, Taxes, Insurance✓ Correct
CPayment, Income, Title, Insurance
DPrincipal, Interest, Transfer, Insurance
Explanation
PITI stands for Principal, Interest, Taxes, and Insurance—the four components of a typical monthly mortgage payment when taxes and insurance are escrowed with the lender.
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