Aperson invests $50,000 in an investment that earns 6 percent. if $5,648 is withdrawn each year, how many years will it take for the fund to run out? round to the nearest whole year. round present value of series of equal amounts in intermediate calculations to four decimal places.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation