Question
you have 33,556.25 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 33,556.25 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 12% annually on the account. How many years will it take to reach the goal? N = ? I = 12% PV = 33556.25 PMT = 5000 FV = 220,000
how do I know which one to put as negative in my calculator?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
