If johns goal is to accumulate 250000 in the account how


Question - 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 John's goal is to accumulate $250,000 in the account, how many years will it take for John to reach his goal?

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Finance Basics: If johns goal is to accumulate 250000 in the account how
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