Question: Multiple Choice 1 phint $ 9 0 , 0 0 0 reverse mortgage is for 1 0 years at 8 % interest rate where payments

Multiple Choice 1 phint
$90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made annually at the beginning of each year. What is the beginning balance on this loan in year 10?
Between $74,000 and $76,000
Between $76,000 and $78,000
Between $78,000 and $80,000
Between $80,000 and $82,000
Between $82,000 and $84,000
Between $84,000 and $86,000
Between $86,000 and $88,000
Multiple Choice 1 phint $ 9 0 , 0 0 0 reverse

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