Please answer a, b, and c.

A reverse mortgage is made with a balance not to exceed $336,000 on a property now valued at $784,000. The loan calls for monthly payments to be made to the borrower for 120 months at an interest rate of 6 percent. Required: a. What will the monthly payments be? b. What will be the loan balance at the end of year 3 ? c. Assume that the borrower must have monthly draws of $2,240 for the first 50 months of the loan. Remaining draws from months 51 to 120 must be determined so that the $336,000 maximum is not exceeded in month 120 . What will draws by the borrower be during months 51 to 120 ? Complete this question by entering your answers in the tabs below. What will the monthly payments be? (Round your final answer to 2 decimal places.)