jjtime24
Oct 24, 2007, 06:58 PM
John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an additional
$5,000 to the account at the end of every year. The brokerage account has an expected annual
Return of 12 percent. If John’s goal is to accumulate $250,000 in the account, how many years
Will it take for John to reach his goal?
$5,000 to the account at the end of every year. The brokerage account has an expected annual
Return of 12 percent. If John’s goal is to accumulate $250,000 in the account, how many years
Will it take for John to reach his goal?