Aborrower takes out a 10-year reverse mortgage not to exceed the amountof $400,000 with mounthly withdrawals at

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Aborrower takes out a 10-year reverse mortgage not to exceed the amountof $400,000 with mounthly withdrawals at au interest rate of 6%. Thefirst two years of the loan have a monthly withdrawals of 2,000 dollars. What would be the monthly payments be starting in year 3 in order to not exceed the desired loan balance ?

Posted Date: May 20, 2024 01:06 AM

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Aborrower takes out a 10-year reverse mortgage not to exceed the amountof $400,000 with mounthly withdrawals at

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