You just invested $50,000 into an account that earns 7 percent compounded annually. At the end of each year

you can withdraw $4,971. How many years can you continue to make the withdrawals?

What will be an ideal response?

18 years

Business

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Which of the following represents a valid contract:

a. Anything that two people have agreed to as long as it is not illegal. b. Any contract executed in writing. c. A contract that is binding and enforceable, and has all of the essential elements required by law. d. Any agreement between two capable parties.

Business

The financial statement notes contain both the history of the company's performance and the fundamental relationship between the ways the information is formatted. This information should be made available to all simultaneously

Indicate whether the statement is true or false.

Business