Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance (https://www.askmehelpdesk.com/forumdisplay.php?f=125)
-   -   Reaching a financial goal (https://www.askmehelpdesk.com/showthread.php?t=178612)

  • Jan 30, 2008, 03:28 PM
    shannonthorn
    Reaching a financial goal
    I have $42,180.53 in a brokerage account and I plan 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 my goal is to accumulate $250,000 in the account, how many years will it take me to reach this goal?
  • Jan 31, 2008, 12:46 AM
    JBeaucaire
    Roughly 12 years.

  • All times are GMT -7. The time now is 07:30 AM.