Number of periods of an annuity

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Number of Periods of an Annuity

You have $53,323.45 in a brokerage account, and you plan to deposit an additional $6,500 at the end of every future year until your account totals $300,000. You expect to earn 8.3% 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: EM131328474

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