Question
TIME TO REACH A FINANCIAL GOAL You have $65,767.89 in a brokerage account, and you plan to deposit an additional $5,000 at the end of
TIME TO REACH A FINANCIAL GOAL You have $65,767.89 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 11% annually on the account. How many years will it take to reach your goal? Round UP to the nearest year. (Example 5.01 years = 6 years) Your answer should include numerical value only.
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
