Number of periods of an annuityyou have 5332345 in a, Ask an Expert

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Number of Periods of an Annuity

You have $53,323.45 in a brokerage account, and you plan to deposit an additional $6,500 at the end of every future year until your account totals $300,000. You expect to earn 8.3% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.

years

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92083060

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