Page

$1$

of $2$

You have $$33,556\mathrm{.}25$ in a brokerage account, and you plan to deposit an additional $$5,000$ at the end of every future year until your account totals $$220,000.$ You expect to earn $12\%$ annually on the account. How many years will it take to reach your goal?

Hint: think about the sign of PV$,$ PMT$,$ and FV$,$ which one should be different from the others?

Inputs

N

I$/$YR

PV

PMT

FV

Output