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Time to reach a financial goal

You have $20,710.51 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $280,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

years

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92100055

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