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Please answer the two followong questions and give the process of calculation A borrower obtains a 750,000 reverse annuity mortgage with monthly payments to be

Please answer the two followong questions and give the process of calculation

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A borrower obtains a 750,000 reverse annuity mortgage with monthly payments to be acquired over 10 years. If the annual interest rate on the mortgage loan is 7%, what monthly payment will be received by the borrower? a. 4,333 b. 5,000 C. 6,250 d. 8,700

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