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Problem 4-5 Number of Periods of an Annuity You have $59,543.01 in a brokerage account, and you plan to deposit an additional $3,500 at the

Problem 4-5 Number of Periods of an Annuity

You have $59,543.01 in a brokerage account, and you plan to deposit an additional $3,500 at the end of every future year until your account totals $300,000. You expect to earn 6.9% 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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