The American Federation of Labor (AFL) had 1.6 million members by 1904. The AFL represented mainly skilled, white, native-born workers. The Industrial Workers of the World (IWW) was founded in response to the lack of representation for unskilled and foreign-born workers. Identify the goals and accomplishments of these two organizations.

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.