Question
TIME TO REACH A FINANCIAL GOAL You have $39,373.06 in a brokerage account, and you plan to deposit an additional $3,000 at the end of
TIME TO REACH A FINANCIAL GOAL
You have $39,373.06 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $260,000. You expect to earn 11% 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.
years:
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Fixed Income Securities Valuation Risk and Risk Management
Authors: Pietro Veronesi
1st edition
0470109106, 978-0470109106
