A reverse mortgage is made with a balance not to exceed $500,000 on a property. The loan calls for monthly payments to be made to the borrower for 10 years at an interest rate of 7.20 percent. If the homeowner sells the house in 8 years how much will they owe the lender?

Group of answer choices

137,141

158,383

369,446

256,352

274,281

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