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You have $42180.53 in a brokerage accuont, and you plan to deposit an additional $5000 at the end of every future year until your account totals $250000. You expect to earn 12 percent annually on the account. How many years will it take to reach your goal?
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I have $42,180.53 in a brokerage account, and I plan to contribute an additional $5000 to the account at the end of every year. The brokerage account has an expected annual return of 12%. If my goal is to accumulate $250,000 in the account, how many years will it take me to reach my goal. View more questions Search
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