BA350 Financial Management: 4-5 Number of Periods for an Annuity
BA350 Financial Management
4-5 Number of Periods for an Annuity 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 goal?