Question

You have $36,431.01 in a brokerage account, and you plan to deposit an additional $5,000 at...

You have $36,431.01 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 12% annually on the account. How many years will it take to reach your goal?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You have $23,474.12 in a brokerage account, and you plan to deposit an additional $5,000 at...
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 $31,525.75 in a brokerage account, and you plan to deposit an additional $5,000 at...
You have $31,525.75 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 two decimal places at the end of the calculations.
You have $22,566.87 in a brokerage account, and you plan to deposit an additional $5,000 at...
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 $8,320.04 in a brokerage account, and you plan to deposit an additional $5,000 at...
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 $46,030.32 in a brokerage account, and you plan to deposit an additional $4,000 at...
You have $46,030.32 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $230,000. 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 $23,199.50 in a brokerage account, and you plan to deposit an additional $4,000 at...
You have $23,199.50 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $200,000. 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 $23,783.37 in a brokerage account, and you plan to deposit an additional $3,000 at...
You have $23,783.37 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $270,000. You expect to earn 13% 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 $13,037.39 in a brokerage account, and you plan to deposit an additional $4,000 at...
You have $13,037.39 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $200,000. You expect to earn 11% 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 $32,506.07 in a brokerage account, and you plan to deposit an additional $6,000 at...
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 $59,167.93 in a brokerage account, and you plan to deposit an additional $6,000 at...
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.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT