A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

True

Explanation:

A partnership business formation may be composed of general partners and limited /silents partners. The general partner is actively involved in managing the day to day business affairs of the partnership business. He or she makes business decisions on behalf of the business.

A general partner has unlimited liability to the obligations of the business. The reason being that he participates in managing the business affairs of the partnership. The general partner is, therefore, personally liable for the debts of the business. His or her properties can be sold to settle the obligations of the partnership. The general partner does not need to have been involved in creating the liability.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%