Biosense prosthetics was a leader in the prosthetic arm market and profits from it were very high. the firm developed a new computerized prosthetic arm that would render its previous prosthetics obsolete. it decided to withhold the new computerized prosthetic arm from the market. this will allow the firm to: a. minimize its return on investment in developing each generation of the product. b. make its products backward compatible. c. avoid cannibalization of the sales of its current prosthetics d. build a larger installed base for the new computerized prosthetic

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.