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9) For a reverse mortgage with 15-year term; loan amount $500,000; Interest rate 8%; Origination cost $10,000. What is the monthly payment? Select one: a.

For a reverse mortgage with 15-year term; loan amount $500,000; Interest rate 8%; Origination cost $10,000. What is the monthly payment?

Select one:

a. $3,214.56

b. $4,778.26

c. $2,345.98

d. $1,444.93

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