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Problem 5-5 Time to reach a financial goal You have $11,619.74 in a brokerage account, and you plan to deposit an additional $5,000 at the

Problem 5-5 Time to reach a financial goal

You have $11,619.74 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% 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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