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    shannonthorn's Avatar
    shannonthorn Posts: 5, Reputation: 1
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    #1

    Jan 30, 2008, 03:28 PM
    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?
    JBeaucaire's Avatar
    JBeaucaire Posts: 5,426, Reputation: 997
    Software Expert
    		  
    #2

    Jan 31, 2008, 12:46 AM
    Roughly 12 years.
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