If you invest $1,500 at the beginning of each year into an account which averages a return of 12% approximately how long will it take to accumulate $50,000 in the account?

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock