Business, 23.01.2020 16:31 smiley0326

These types of goals make up the framework for long-term goals

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Business, 22.06.2019 20:30

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Business, 22.06.2019 21:10

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Business, 22.06.2019 22:40

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.

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