If you wish to accumulate $10,000 over a 5-year period by placing $200 a month, starting next

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If you wish to accumulate $10,000 over a 5-year period by placing $200 a month, starting next month, into a Roth IRA retirement fund that pays 6% per year, compounded quarterly with no interperiod compounding, the NPER function to determine the number of deposits is:

(a) = NPER(4.568%,−200,10000)

(b) = NPER(1.5%,200,10000)

(c) = NPER(1.5%,−600,10000)

(d) = NPER(2%,600,−10000)

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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