How to calculate years to gain 5 million net worth?

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Givens:

  • 20% annual growth
  • 30k payments/year

FV of Annuity$=P[\frac{(1+r)^n-1}{r}]$

$P=$ Periodic payment

$r=$ Rate per period

$n=$ Number of periods

$5000 = 30\cdot((1+0.2)^n-1)/0.2$

https://www.wolframalpha.com/input?i=5000+%3D+30*%28%281%2B0.2%29%5En-1%29%2F0.2

$n = $ 19.4 years


Alternatively

=FV(20%,19.4,30000)

Or should this be PV?