Your friend James has heard about a time-share property arrangement for a small investment. You have two weeks per year (specific set weeks) at a resort property. The time share agreement can be sold to other people if you ever want to exit the investment. There are maintenance fees that you have to pay each year that support the management of the property and the upkeep and cleaning between weeks. James has provided the following figures:

Price per week: $15,000

Maintenance cost per year:$1,400

How much is collectively being paid for the property? If cleaning costs per week are $250, how much is available for property taxes, expenses and maintenance for the entire year? What are the possible risks from buying a timeshare and should Billy buy the timeshare?