31 Richard and Martine have a home with a value of $190,000. They expect a 2% annual increase in the value of their property and mortgage rates to be an effective annual rate of 6%. The maximum amount of the loan is calculated so that the owner's equity remains at least 25% of the market value of the home at the mortgagor's life expectancy. What will be the approximate maximum reverse annuity mortgage loan that they can obtain in five years if their current combined life expectancy is 20 years? a) S66,024 b) 588,355 Oc) 597,194 d) $211,748