Calculate X? At T-0, you deposit $6,000 into an account, earning an effective annual rate of 10

Calculate X?

 

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At T-0, you deposit $6,000 into an account, earning an effective annual rate of 10 percent. You plan on depositing an additional $11,000 each year, at T=1, T=2, etc. Doing this, your account will have a balance of $100,000 at T=X. At T-0, you deposit $6,000 into an account, earning an effective annual rate of 10 percent. You plan on depositing an additional $11,000 each year, at T=1, T=2, etc. Doing this, your account will have a balance of $100,000 at T=X.

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