Question
Starting next year you plan to deposit $1000 each year into an account earning 9.25% effective annual return. How many years will it take for
Starting next year you plan to deposit $1000 each year into an account earning 9.25% effective annual return. How many years will it take for your account to grow to $20,000, if you increase your deposit each year by 5%? (Hint: use excel goal seek).
Enter answer in years, rounded to the nearest first decimal, as in "4.6" years
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
