A $90,000 reverse mortgage is for 10 years at 8% interest rate where payments are...
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A $90,000 reverse mortgage is for 10 years at 8% interest rate where payments are made monthly at the end of each month. What is the beginning balance on this loan in month 2?
A.
Between $390 and $490
B.
Between $490 and $590
C.
Between $590 and $695
D.
Between $695 and $795
E.
Between $795 and $895
F.
Between $895 and $985
G.
Between $985 and $1,085
H.
Between $1,085 and $1,185
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