You have $42,180.53 in a brokerage account and you plan to deposit an additional $5000 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?© BrainMass Inc. brainmass.com March 4, 2021, 9:29 pm ad1c9bdddf
Using TI BA II PLUS financial calculator, enter the following,
PV = ...
The future value of a brokerage account with a 12% annual interest is calculated.