1. You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? How can I do that by the Equation method and by the financial calculator method?
2. Contrast the impact of retaining earnings versus paying cash dividends on a corporation's balance sheet?