Time to reach financial goal

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Reference no: EM131837520

Time to reach a financial goal

You have $5,247.35 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $220,000. You expect to earn 12% 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. _____________years

Reference no: EM131837520

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