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You have $21,099.44 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account
You have $21,099.44 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. |
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