Question: Question 1 9 ( 1 point ) Suppose that my uncle owns a $ 1 0 0 , 0 0 0 bome that is free

Question 19(1 point)
Suppose that my uncle owns a $100,000 bome that is free and clear of mortgage debt. A reverse annuity mortgage (RAM) lender has agreed to a $80,000 RAM. The loan term is 10 years, the contract is 9%, and payments will be made at the end of each month. What will be the loan balance at the end of the 10-year term?
Question 1 9 ( 1 point ) Suppose that my uncle

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