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You have $1,931.64 in a brokerage account, and you plan to deposit an additional $5,000

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Question

You have $1,931.64 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 14% 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.

 

Paper#30432 | Written in 18-Jul-2015

Price : $37
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