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c. S29,988 d. $34,399 e. $42,171 6-36. Your grandfather takes a reverse annuity mortgage on his house for $135,000 at 7.00 % for five years.

c. S29,988 d. $34,399 e. $42,171 6-36. Your grandfather takes a reverse annuity mortgage on his house for $135,000 at 7.00 % for five years. His payments are an equal annual annuity of $21,939. If he decides to repay the loan at the end of year three, what amount is owed? a $54,247 b. $59,529 c. $75,469 d. $104,678 e. $107,507 I 80 7 7 9 E R Y U F G K C V T A4

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