Sorry, I just found another difficult problem. It deals with RAM and I used to wikipedia to find out what that means, since my book does not cover this.

**Sinclair wishes to supplement his retirement income by $450 per month for the next**

**15 years. He plans to obtain a reverse annuity mortgage (RAM) on his home to meet**

**this need. Estimate the amount of themortgage he will require if the prevailing interest**

**rate is 11% per year compounded continuously. Round your answer to the nearest dollar** Does anyone know how to work with RAM?