Alicia has a job with a dc regulator that offers a terrific benefit package. the agency contributes an annuity of $570 into a bank account in her name at the end of each month, beginning one month from today. alicia estimates that she will work for the next 25 years (for 300 months), when at that point she'll retire. at the time of her retirement, alicia plans to withdrawal monthly amounts for 25 consecutive years (for 300 months), beginning at the end of the first retirement month. assuming an interest rate of 6% annually, what is the maximum amount alicia will be able to withdrawal, per month, during her retirement years?

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