Question

You have $59,167.93 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $280,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.

Answer #1

- Current Present Value of brokerage account = $59,167.93

- Periodic annual deposit at the end of each year = $6,000

Future Value = $280,000

Calculating the number of years it will take to accumulate the future value:-

So, **number of years it will take to reach goal is
11**

*If you need any clarification, you can ask in
comments. *

**If you like my answer, then please up-vote as it
will be motivating *** *

You have $32,506.07 in a brokerage account, and you plan to
deposit an additional $6,000 at the end of every future year until
your account totals $250,000. You expect to earn 11% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number. years

You have $48,540.47 in a brokerage account, and you plan to
deposit an additional $6,000 at the end of every future year until
your account totals $350,000. You expect to earn 11.4% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.

You have $21,393.30 in a brokerage account, and you plan to
deposit an additional $6,000 at the end of every future year until
your account totals $280,000. You expect to earn 10% annually on
the account. How many years will it take to reach your goal? Round
your answer to two decimal places at the end of the
calculations.
_______years

You have $22,566.87 in a brokerage account, and you plan to
deposit an additional $5,000 at the end of every future year until
your account totals $280,000. You expect to earn 11% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.

You have $21,632.69 in a brokerage account, and you plan to
deposit an additional $6,000 at the end of every future year until
your account totals $250,000. You expect to earn 10% annually on
the account. How many years will it take to reach your goal? Round
your answer to two decimal places at the end of the
calculations.

You have $23,474.12 in a brokerage account, and you plan to
deposit an additional $5,000 at the end of every future year until
your account totals $230,000. You expect to earn 13% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.
years

You have $8,320.04 in a brokerage account, and you plan to
deposit an additional $5,000 at the end of every future year until
your account totals $240,000. You expect to earn 14% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.

You have $42,912.42 in a brokerage account, and you plan to
deposit an additional $7,500 at the end of every future year until
your account totals $375,000. You expect to earn 7.5% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.

You have $33,749.85 in a brokerage account, and you plan to
deposit an additional $4,000 at the end of every future year until
your account totals $250,000. You expect to earn 10.2% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.

5.05
eBook
You have $11,856.41 in a brokerage account, and you plan to
deposit an additional $4,000 at the end of every future year until
your account totals $260,000. You expect to earn 14% annually on
the account. How many years will it take to reach your goal? Round
your answer to the nearest whole number.
years

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 2 minutes ago

asked 4 minutes ago

asked 7 minutes ago

asked 15 minutes ago

asked 26 minutes ago

asked 37 minutes ago

asked 51 minutes ago

asked 51 minutes ago

asked 56 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago