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December 20, 2014

Homework Help: finance management

Posted by cj on Thursday, January 10, 2008 at 9:37am.

John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an addtional $5,000.00 to the account at the end of the year. the brokerage account has an expected annual return of 12%. If John's goal is to accumulate $250,000.00 in the account, how many years will it take John to reach his goal?

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