At age 70, fiona lives alone, owns a house valued at $350,000, and has paid off the mortgage completely. fiona has no other assets to live on. she can choose a reverse mortgage that gives her payments of $32,000 a year for 10 years or one that pays her $20,000 a year for as long as she lives in the house. fiona opts for the $32,000-a-year reverse mortgage. did fiona do the right thing, considering that women of her age live 14 more years on average? a~ yes, because she can live rent-free for 10 years and receives a larger income for those years. b~ yes, because she gets value out of the house in a form she can use. c~ no, because she may be unable to live in the house that long or if she lives longer, she will be broke. d~ no, because reverse mortgages only make sense for people under 50 years old.

A~ Yes, because she can live rent-free for 10 years and receives a larger income for those years.

Step-by-step explanation:

Reverse mortgage loans allow homeowners to convert their home equity into cash income with no monthly mortgage payments.

It is a type of loan for seniors age 62 and older.

So, given is Fiona is 70 years, this age condition is checked.

Fiona opts for the $32,000-a-year reverse mortgage for 10 years. Also given that women of her age live 14 more years on average.

So, yes she did the right thing. She can live rent-free for 10 years and receives a larger income for those years.

If she lives beyond 10 years, she must have saved enough by that time.

80π/3 or about 83.775

step-by-step explanation:

since a cone is 1/3 of a cylinder, we need to find the base's area. since area = πr^2, we get 16π. then, multiplying this by 5, we get 80π. dividing by 3, since the cone's volume is 1/3 of that of a cylinder's, we get 80π/3.

hope this !

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step-by-step explanation: