document.write( "Question 1200798: 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? \n" ); document.write( "
Algebra.Com's Answer #835018 by Theo(13342)\"\" \"About 
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present value = -42,180.53
\n" ); document.write( "future value = 250,000.
\n" ); document.write( "payment at the end of each year = 5,000.
\n" ); document.write( "interest rate = 12% per year.
\n" ); document.write( "the calculator at https://arachnoid.com/finance/ can help you find the answer.
\n" ); document.write( "pv = -42,180.53
\n" ); document.write( "fv = 250,000
\n" ); document.write( "np = number of time periods = what you want to find.
\n" ); document.write( "pmt = -5,000
\n" ); document.write( "ir = 12
\n" ); document.write( "payment is at end of time period.
\n" ); document.write( "results are shown below:
\n" ); document.write( "
\n" ); document.write( "the present value and the payment are shown as negative because it's money you invested.
\n" ); document.write( "the future value is positive because it's money you received from your investment.
\n" ); document.write( "answer is 11 years to earn 250,000 with a payment of 5,000 at the end of each year at 12% interest per year.\r
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