You have $11,122.76 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $210,000. You expect to earn 12% 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.
An investment will pay $100 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6.
If other investments of equal risk earn 11% annually, what is its present value? Round your answer to the nearest cent.
a. $ _______
If other investments of equal risk earn 11% annually, what is its future value? Round your answer to the nearest cent.
b. $ ________