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  • Sep 5, 2007, 08:05 PM
    foolsball
    Financial management
    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?

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