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    jjtime24's Avatar
    jjtime24 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 24, 2007, 06:58 PM
    How many years
    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?
    ChihuahuaMomma's Avatar
    ChihuahuaMomma Posts: 7,378, Reputation: 608
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    #2

    Oct 24, 2007, 07:48 PM
    I think this question would actually do better in the math section..
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