You have $51, 854.38 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $ 280,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.
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You have $51, 854.38 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $ 280,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.
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- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You have $58,138.29 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $240,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.
- You have $11,489.64 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. _____ yearsYou have $20,800.51 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $280,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annnually on the account. How many years will it take to reach your goal?
- You have $9,259.70 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $260,000. You expect to earn 13% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations. ? yearYou have 45,589.25 in a brokerage and you to deposit an additional 5,000 at the end of every future year until your account totals $250000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole numberYou have $29,307.61 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $240,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations. ___years
- You have $34,256.85 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $260,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Please show step by step so that I can understand.You have €42,180.53 in a brokerage account, and you plan to deposit an additional €5,000 at the end of every future year until your account totals €250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goals?You plan to make annual deposits of $5,000 per year at the beginning of each year into your retirement account. Your goal is to have $800,000 If you expect to get an 8% rate of return, how many years will it take you to reach your goal?
