You are 62 years old, and your house appraises for $450,000. A bank is willing to give you a reverse mortgage at 50% LTV with a 6% fixed contract rate. You choose an option to receive equal monthly payments over a period of 10 years. a.What will these payments be? b If you choose to move after 5 years, what will you owe the bank? c. If the home appreciates at 1%, how old will you be before your loan balance exceeds the value of the home?

Can you please answer it as well as show me how it is entered in the financial calculator, thank you