Answer:
It will take 46 months for the account to grow to $335,000.
Step-by-step explanation:
Future investment value = $335,000
Monthly investment = $5,000
Annual rate of interest = 18%
You will need to invest 46.000 periods to reach the future value of $335,000.00.
FV (Future Value) $332,759.70
PV (Present Value) $167,761.69
N (Number of Periods) 46.000
I/Y (Interest Rate) 1.500%
PMT (Periodic Payment) $5,000.00
Starting Investment $0.00
Total Principal $230,000.00
Total Interest $102,759.70