Farley Brothers, a U. S. company, had a subsidiary in Italy (using Euro). Most of the subsidiary's sales and purchases are in dollars. There are many transactions between the subsidiary and the parent. Most of the subsidiary's financing comes from the U. S. Two methods of translating foreign currency financial statements are currently used worldwide. Which method should the U. S. company use to translate Farley Brothers' financial statements

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.