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A $90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made monthly at the end of each month. What is
A $90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made monthly at the end of each month. What is the ending balance on this loan in month 2?
A. | 983.90 | |
B. | 974.81 | |
C. | 990.42 | |
D. | 980.64 | |
E. | 977.38 | |
F. | 987.18 |
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