Posted by **tippy** on Tuesday, January 22, 2008 at 8:13pm.

John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an additional

$5,000 to the account at the end of every year. The brokerage account has an expected annual

return of 12 percent. If Johnâ€™s goal is to accumulate $250,000 in the account, how many years

will it take for John to reach his goal?

## Answer This Question

## Related Questions

- Finance - John Roberts has $42,180.53 in a brokerage account, and he plans to ...
- finance management - John Roberts has $42,180.53 in a brokerage account, and he ...
- Engineering Econonmy - You decide to open an IRS-approved retirement account at ...
- Finance - You are planning to save for retirement over the next 35 years. To do...
- Finance - You are planning to save for retirement over the next 15 years. To do ...
- Math / Finance - You are planning to save for retirement over the next 15 years...
- Finance - You are planning to save for retirement over the next 15 years. To do ...
- Finance - Mary just deposited $33,000 in an account paying 7% interest. She ...
- Personal Finance - Mary just deposited $33,000 in an account paying 7% interest...
- Finance - john deposited 3000 into an account with 5% annual interest rate ...

More Related Questions