You have $12,949.72 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $220.000. You expect
to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number
ps
years
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You have $12,949.72 in a brokerage account, and you plan to deposit an additional $4,000 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
A firm who is adept at recognizing global windows of opportunity, acting on those very quickly, with tight linkages can be said to be competing on: a) Cost b) Flexibility c) Quality d) Speed e) dependability
Answers (1)
omeland Security has many rules, regulations, and procedures. New employees have to learn a lot before they are ready to work alone. This is the place for someone who likes a. creative work b. formalization c. unstructured work
Answers (1)
When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production to 70,000 units of output, its total cost increases to $9.4 million.
Answers (1)
Archies' Antiques, Inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility.
Answers (1)
Marigold Corp. has these accounts at December 31: Common Stock, $12 par, 5,200 shares issued, $62,400; Paid-in Capital in Excess of Par Value $18,700; Retained Earnings $43,700; and Treasury Stock, 470 shares, $10,340.
Answers (1)
New Questions in Business
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Curtain Co. paid dividends of $14,000; $17,500; and $21,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,400 shares of 7.0%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been enlisted. As a result, you have noticed friction and conflict among team members.
Answers (1)
The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $1,049 and the par value is $1,000. What is the invoice price
Answers (1)
Which of the following is the best example of a manager with a delegator leadership style?
Answers (1)