A New York car wash owner wanted to open a car wash in Quebec, Canada. He hired a U.S. translator to create signage for the new venture and to design some simple advertising. It was not until the business was opened that he realized he should have used . His French signs actually said "car bath" instead of "car wash."

back translation

Explanation:

A back translation process requires that the translated document (or phrase in this case) be translated first from one language to another and then be translated back again into the original language to check that the main idea didn't change during the translation process. By carrying out a back translation, you are checking if the message wasn't changed.

$54.95 interest income

Explanation:

We look int othe legal tables to recognize income in this type of annuities considering the age of each participant

Table VI - Ordinary Joint Life and Last Survivor Annuities; Two Lives - Expected Return Multiples

multiplier at cross 75 / 70 : 18.8

we take the annual income of 700 x 12 = 8,400

and multiply by the 18.8 = 157,920

now we solve for part of capital and interest:

145,530/157,920 = 0.92154 = 92.15%

principal returns are 92.15% while interest the remaining 7.85%

700 x 7.85% interest = $54.95 interest income