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Your cousin has $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the beginning of every year starting now until
Your cousin has $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the beginning of every year starting now until her account totals $200,000. She expects to earn 12% annually on the account. How many years will it take to reach her goal ?
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