Brokerage account-how many year will take to reach your goal

Assignment Help Financial Management

Reference no: EM13976503

You have $31,698 in a brokerage account, and you plan to deposit an additional $4000 at the end of every future year until your account total $240000. You expect to earn 13% annually on the account. How many years will it take to reach your goal? Round you answer to two decimal places at the end of the calculation.

Reference no: EM13976503

Questions Cloud

An investment offers : An investment offers $3,300 per year for 19 years, with the first payment occurring one year from now. If the required return is 8 percent, the present value of the investment is $___. If the payments occurred for 34 years, the present value of the i..

Equity markets are cleaner-more reliable than stock markets : In light of the Enron, Worldcom, option back dating, government bailouts/nationalizations and Madoff scandals, do you think U.S. equity markets are cleaner and more reliable than stock markets in the rest of the world?

What is the return on assets : The After Life has sales of $428,300, total assets of $389,100, and a profit margin of 7.2 percent. What is the return on assets?

What is the equilibrium price : Price is $10 quantity demanded is 100 units, and quantity supplied is 130 units. For each dollar decline in price, quantity demanded rises by 5 units, and quantity supplied falls by 5 units. What is the equilibrium price?

Brokerage account-how many year will take to reach your goal : You have $31,698 in a brokerage account, and you plan to deposit an additional $4000 at the end of every future year until your account total $240000. You expect to earn 13% annually on the account. How many years will it take to reach your goal?

Optimize your database : Optimize your Database (10 Marks) You should now optimize your database, Apply suitable database optimization techniques to your final set of tables

Company name-stock ticker symbol and stock exchange : Please include a table for the company listing: the company name, stock ticker symbol, stock exchange, company address, sector, industry, major competitors, name of CEO, the closing price of one share on January 2nd, and how many shares you purchased..

Calculating the ytm of a bond : (Calculating the YTM of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its yield to maturity (YTM)?

Over extending through debt financing : You brought up that over extending through debt financing can severely limit future cash flow and stifle growth. I think its important to realize the balance necessary to maintain a successful firm and that relying too much on anything can be a limit..

User Account

All Pages