Mica, a minor, signs a contract to pay natural health club a monthly fee for twenty-four months to use its facilities. six months later, after reaching the age of majority, mica continues to use the club. this act is

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?