Question: please show the step by step on how to solve You have $32,611.06 in a brokerage account, and you plan to deposit an additional $4,000

please show the step by step on how to solve

You have $32,611.06 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totes $230,000. You expect to tam 14% annually on the account. How many years will take to reach your goal Round your answer to the nearest whole number

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

#15, Please show the step by step process clearly to get the answer, Thanks! Ryerson University Ted Rogers School of Management FIN300 Midterm Exam Fall 2013 Version A Student Name (Please print)...

Instruction: Please solve the following problems by using formulas DO NOT USE EXCEL TO SOLVE 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of...

please show all step to problem 5-5. TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your...

Part I you are asked to use the introductory sentence about the tax payer and complete paragraph items 14 and 16. You will also use item 18 for needed Social Security numbers. Do not do additional...

practice case i need help with. just need the 3 steps. Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and...

studentnumberendswitha5 to Bob that with LOC of $25,000, Bod is able to borrow any amount up to $25,000 at any time whenever he needs the money, the interest will be charged upon the usage of the...

AutoSave OFF H 5 + 5 = wa Douglas Case rev 9_7_21(2) (1) Home Insert Draw Design Layout References Mailings Review View Tell me Share Q Comments X LO Calibri (Bo... V 11 21 AaBbcDdEe AaBbCcDdEe AaBb...

Please answer me page 51 to page 56 on the attachment. is a multiple choice questions. Thank you FAC1502/101/3/2016 Tutorial letter 101/3/2016 Financial accounting concepts, principles and procedures...

Good Morning Dr.Ramsey Please assist me with my discussion this week ( min 150 words). Advanced Time Value of Money An advertised monthly lending rate of 0.9% is about 11% per year. This difference...

d to For the following exercises, refer to Figure 26. Round to two decimal places. 2 5 r 1.5 cm Figure 26 24. Find the arc length. 25. Find the area of the sector.

Owner's equity at the start of the period is $35,000; net income for the period is $30,000; the total investments by the owner are $15,000; and total withdrawals by the owner are $5,000. The owner's...

Modern construction cost accounting systems correct input errors and overcompensate cash flow projections for construction companies. True False

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".