Question

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?

Answer #1

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 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 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 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 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 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 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 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 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 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.

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