Business, 23.08.2021 21:40 brandondees25

A reverse mortgage is made with a balance of $400,000 on a property worth $900,000. The loan calls for monthly payment to be made to the borrower for 10 years at an interest rate of 6%. How much interest (in dollars) will the borrower pay over the 10 year period assuming the borrower remains in the house for the full 10 year period. g

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A reverse mortgage is made with a balance of $400,000 on a property worth $900,000. The loan calls f...

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