Question: $ 9 0 , 0 0 0 reverse mortgage is for 1 0 years at 8 % interest rate where payments are made monthly at

$90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made monthly at the end of each month. What portion of the loan balance at the end of month 120 represents interest? Between 24% and 27% Between 27% and 30% Between 30% and 33% Between 33% and 36% Between 36% and 39% Between 39% and 42% Between 42% and 45%

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