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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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