pm.3 You have S81, 455.75 in a brokerage account, and you plan to deposit an additional $22,000 at the end of each future year until your account reaches $500,000 . You expect to earn 9% annually on the account. How long will ittake to reach your goal?
pm.3 You have S81, 455.75 in a brokerage account, and you plan to deposit an additional $22,000 at the end of each future year until your account reaches $500,000 . You expect to earn 9% annually on the account. How long will ittake to reach your goal?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
pm.3
You have S81, 455.75 in a brokerage account, and you plan to deposit an additional $22,000 at the end of each future year until your account reaches $500,000 . You expect to earn 9% annually on the account. How long will it
take to reach your goal?
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