Your great aunt, age 75, lives in her home on which she has a loan of $35,000 left but needs money to pay for home improvements that have been completed. She re-did her bathroom and entire home to be handicap accessible at a total cost of $65,000, which she has not paid yet. She has a home worth $200,000 today and a PLF of 0.6. She lives to be 100 years old before passing on. Her reverse mortgage was locked in at a rate of 3.5%. At the time of her passing, the home is worth $305,000. i. What does her estate owe the bank at the time she passes away? 5 pts ii. If it takes 6-months to sort out the estate, what is owed at that time? 5 pts iii. Assuming 6% of closing costs, if you could sell the home for $320,000, would you choose to sell the home or give it back to the bank? 5 pts