Brokerage account-how many years will it take to reach goal

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Reference no: EM132065801

You have $55,934.52 in a brokerage account and you plan to deposit an additional $3,000 at the end of every future year until your account totals $280,000. You expect to earn 13% 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.

Reference no: EM132065801

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