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you have $26,605.46 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $270,000. you expect to earn 10% annually on the account. how many years will it take to reach your goal? do not round intermediate calculations. round your answer to the nearest whole number.
So the first year would you get the 10% before or after depositing the 5k?because if you’re going to deposit at the end of the year then we have to assume the first year you only get 10% on the 26,605.45 because that’s how investing works... so the answer is it would take 14years to reach $270,000.018
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