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Problem 5.05 (Time to Reach a Financial Goal) Question 1 of 6 Check My Work (3 remaining) eBook You have $5,125.84 in a brokerage
Problem 5.05 (Time to Reach a Financial Goal) Question 1 of 6 Check My Work (3 remaining) eBook You have $5,125.84 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 14% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
