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Problem 5-5 Time to reach a financial goal You have $34,605.72 in a brokerage account, and you plan to deposit an additional $4,000 at the
Problem 5-5 Time to reach a financial goal
You have $34,605.72 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $220,000. 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.
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