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You have $17,623.22 in a brokerage account, and you plan to deposit an additional $6,500 at the end of every year until your account totals

You have $17,623.22 in a brokerage account, and you plan to deposit an additional $6,500 at the end of every year until your account totals $200,000. You expect to earn 8.8 percent annually on the account. How long will it take to reach your goal?

a.

15 years

b.

14 years

c.

13 years

d.

12 years

e.

11 years

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