Finding annuity payments-periods and interest rates

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Reference no: EM13875952

Finding Annuity Payments, Periods, and Interest Rates

Number of Periods of an Annuity

You have $51,501.70 in a brokerage account, and you plan to deposit an additional $7,500 at the end of every future year until your account totals $425,000. You expect to earn 8.4% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.

Years

Reference no: EM13875952

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