FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $37,379.08 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account

You have $37,379.08 in a brokerage account, and you plan to deposit an additional $4,000 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 your answer to the nearest whole number.

years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals

The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals

Authors: Cliff Ennico

1st Edition

081443360X, 978-0814433607

More Books

Students also viewed these Finance questions

Question

★★★★★
Each part of this exercise contains events from Exercise 4.54. In each case, decide whether the events are mutually exclusive. In E 4.54 In a horse race, the odds against winning are as shown in the...

Answered: 1 week ago

Question

★★★★★
12. Bernard M. Bass with Ruth Bass, The Bass Handbook of Leadership: Theory, Research, & Managerial Applications, Fourth Edition (New York: The Free Press, 2008), pp. 578580.

Answered: 1 week ago

Question

★★★★★
L04 Differentiate between agonists and antagonists.

Answered: 1 week ago

Question

★★★★★
The total assets of the Dexter Company are $270 million, and the firms present capital structure, which follows, is considered to be optimal. Assume that there is no short-term debt. Long-term debt...

Answered: 1 week ago

Question

★★★★★
You have $37,379.08 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $250,000. You expect to earn 11% annually on the...

Answered: 1 week ago

Question

★★★★★
Simple Interest Iill deposits $400 into an account that pas 4% simple interest for four years. The amount that will be in the account at the end of the four-year period is closest to

Answered: 1 week ago

Question

★★★★★
1) BobTheCat Enterprises has asked FoxFirst Consulting to help with upgrading 600 desktop users from Windows 7 to Windows 10. As per contract, FoxFirst will provide the upgrade strategy. Discuss...

Answered: 1 week ago

Question

★★★★★
Harvey's Restaurants In your own words, explain the Harvey's brand, Canadian values, and range of products/services. A minimum of four sentences is required here. Strengths Explain three (3)...

Answered: 1 week ago

Question

★★★★★
Find the initial basic feasible solution for the TP by VAM. D D2 D3 Dy Supply Dz 0, 11 13 17 14 250 02 16 16 18 14 10 300 03 21 24 13 10 400 Dem 200 225 275 250 950

Answered: 1 week ago

Question

★★★★★
3. Both Hawks Nest and the Upper Big Branch mine were underground work locations. Does this have any significance in the hiding of safety violations? If so, how? 4. Why would a modern organization...

Answered: 1 week ago

Question

★★★★★
Any device which carries data between end devices? The answer i picked is Intermediary Device is that correct if not what would the answer be?

Answered: 1 week ago

Question

★★★★★
identify and describe the techniques that can be used to enhance employee involvement

Answered: 1 week ago

Question

★★★★★
understand the key employment relations concepts of partnership, participation, employee involvement, commitment, engagement and high-performance working

Answered: 1 week ago

Question

★★★★★
describe the concepts of commitment and employee engagement, and explain how they are related to employee involvement and high-performance working.

Answered: 1 week ago

Previous Question Next Question