Brokerage account-time to reach financial goal

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Reference no: EM13847591

Time to reach a financial goal

You have $60,701.28 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $250,000. You expect to earn 11% 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.

Reference no: EM13847591

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