Question: (6 marks): Mr. Senior, age 70 has a life expectancy of 15 years. He owns a house worth 500,000; he is mortgage free. He is

(6 marks): Mr. Senior, age 70 has a life expectancy of 15 years. He owns a house worth 500,000; he is mortgage free. He is contemplating three options to supplement his monthly income: (1) a reverse a...

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