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Your grandfather takes a reverse mortgage on his house for $165,000 at 7.50% for five years. What is the monthly payment the lender will make
Your grandfather takes a reverse mortgage on his house for $165,000 at 7.50% for five years. What is the monthly payment the lender will make to him?
|
| $2,275 |
|
| $28,407 |
|
| $2,750 |
|
| $3,306 |
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1st Edition
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