Question: You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account
You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
Step by Step Solution
3.26 Rating (184 Votes )
There are 3 Steps involved in it
Using your financial calculator enter the f... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
43-B-F-F-M (510).docx
120 KBs Word File
