How many years will it take to reach your goal

Assignment Help Financial Management

Reference no: EM132005903

You have 42,180.53 in a brokerage account, and you plan to deposit and additional 5,000 at the end of every future year until your account total 250,000. you expect to earn 12% annually on the account. How many years will it take to reach your goal?

Reference no: EM132005903

Questions Cloud

Business has cost of capital : If the business has a cost of capital of 13 percent, calculate the EAC.

Explain recommended financing strategy : For the selected company, develop and explain a recommended financing strategy.

Result from the act of this covered interest arbitrage : Which of the following forces should result from the act of this covered interest arbitrage?

Income statement and statement of cash flows : After exploring the three big financial statements, the Balance Sheet, Income Statement and Statement of Cash Flows,

How many years will it take to reach your goal : you expect to earn 12% annually on the account. How many years will it take to reach your goal?

Expiration as function of the stock price at expiration : Draw a payoff diagram showing the amount you owe at expiration as a function of the stock price at expiration.

The final adjusted sales price of this comparable : If no other adjustments were made except for the value of the land, what would be the final adjusted sales price of this comparable?

Calculate the EAC and NPV for each machine : Calculate the NPV for each machine. Calculate the EAC for each machine.

Non-for-profit business and investor-owned business : Explain the difference between the equity section of a non-for-profit business and an investor-owned business

User Account

All Pages