A borrower obtain a 150000 reverse annuity mortgage with, Finance Basics

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A borrower obtain a 150000 reverse annuity mortgage with

Question: A borrower obtain a $150000 reverse annuity mortgage with monthly payments over 10 years. If the interest rate of the mortgage loan is 8% what is the monthly payment received by the borrower? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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