How many years will it take to reach your goal

Assignment Help Finance Basics
Reference no: EM13293983

You have $51,753.10 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $250,000. You expect to earn 6% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole.

Reference no: EM13293983

Questions Cloud

What other social and religious impacts is fontanelle : What other social and religious impacts is Fontanelle mentioning?
Design the network using n and gates and j-k flip-flops : design a Melay sequential circuit which investigates an input sequence x and which will produce an output of z=1 whether thetotal number of 0's in the sequence is odd,provided that thesequence 01 has occured at least once.
Describe separation in a weakly basic condition : What reagent is used to keep the above separation in a weakly basic condition. Why is this necessary
What is the final potential difference across the capacitor : a 15 uF capacitor is charged to 40 V and then connected across aninitially uncharged 25 uF capacitor. What is the final potential difference across the 25 uF capacitor.
How many years will it take to reach your goal : You expect to earn 6% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole.
Array be a local varible in the function : Create a new function that will have the computer randomly generate 4 digits for the user to try to guess the digits. Give the user 20 trys to guess the four digits. Save the guesses in an array Make sure the user's guess fall between 1-4. Apply the ..
Explain soluble in acidified sulfide solution but separate : Which ions are soluble in acidified sulfide solution but separate as insoluble sulfides in basic solution. Which cations separate as their hydroxides in basic sulfide solution.
What is the enthalpy change needed to heat : What is the enthalpy change needed to heat 3 lb of water from 60 psia and 32°F to steam at 1atm and 300 °F? What is the enthalpy change needed to heat 1 lb of water at 60 psia and 40 oF to steam at 300 °F and 60 psia? What is the enthalpy change need..
How long will it take to double your money : If you deposit money today in an account that pays 9.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd