Your goal is to have $93,677. If you can earn 11.79% per year and you invest $11,573 today, how many years until you reach your goal?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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Your goal is to have $93,677. If you can earn 11.79% per year and you invest $11,573 today, how many years until you reach your goal?
Transcribed Image Text:Your goal is to have $93,677. If you can earn 11.79% per year and you invest $11,573 today, how many years until you reach your goal?
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