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Problem 5.05 (Time to Reach a Financial Goal) You have $51,520.79 in a brokerage account, and you plan to deposit an additional $6,000 at the
Problem 5.05 (Time to Reach a Financial Goal) You have $51,520.79 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $290,000. 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 years Problem 5.06 (Future Value: Annuity Versus Annuity Due) What's the future value of a 10%, 5-year ordinary annuity that pays $100 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent. Future Value of an Ordinary Annuity: $ Future Value of an Annuity Due: $ (
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