Patricia McCarthy lives in a subsidized apartment complex for low-income senior citizens. She pays a monthly rent of $297 for a unit that could rent for $650 a month elsewhere. The monthly rent provides heat and water but does not cover the $42 average monthly cost of electricity. She carries no insurance on the contents of the apartment. What are her annual costs of renting the apartment?

You should do all of the following before a job interview except

Match the different financial task to their corresponding financial life cycle phases

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.