You have $40,549.50 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $210,000. 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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You have $40,549.50 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The asset account, Office Supplies had a beginning balance of $ 6 comma 000$6,000. During the accounting period, office supplies were purchased, on account, for $ 5 comma 000$5,000.
Answers (1)
The net earnings of the factory workers for Larkin Company during the month of January are $72,000. The employer's payroll taxes for the factory payroll are $8,100. The fringe benefits to be paid by the employer on this payroll are $4,300.
Answers (1)
A financial firm is considering two investment opportunities. A real estate investment would require a $3 million investment, and the experts at the firm predict that there is a 70% chance that the investment will yield $7 million in gross revenue,
Answers (1)
Identify whether the following paragraph uses a direct, indirect, or semi-indirect organizational pattern. Due to budgetary restraints, departmental charge cards will no longer be valid for purchasing supplies.
Answers (2)
Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a price of $969. At this price, the bonds yield 8.1 percent.
Answers (1)
New Questions in Business
Using the information below, compute the raw materials inventory turnover: Raw materials used $ 85,500 Beginning raw materials inventory 8,000 Ending raw materials inventory 9,000 Multiple Choice: A. 11.02. B. 382.02. C. 10.06. D. 9.94. E. 9.50.
Answers (2)
Staples Advantage is what type of B2B organization?
Answers (1)
Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement of the intrinsic value of commodity money. the measurement of the durability of a good.
Answers (1)
Why is there overlap among markets for financial assets?
Answers (2)
In general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. research and development. D. a distributor.
Answers (1)