What is minimum selling price? a. the minimum price that the government allows sellers to charge b. the profit that pays for the cost of running a business, with no extra profit left over c. the price a business owner will need to charge to cover the costs of running a business d. the amount a business owner earns after subtracting all of the costs of running a business

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.