You have 6070128 in a brokerage account and you plan to


Time to reach a financial goal

You have $60,701.28 in a brokerage account, and you plan to deposit an additional $3,000 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 two decimal places at the end of the calculations.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You have 6070128 in a brokerage account and you plan to
Reference No:- TGS01127782

Expected delivery within 24 Hours