You unexpectedly earn $1,200. Instead of blowing through the money, you decide to invest it in a mutual fund which earns 4.0% compounded annually. You would like to know how long you will need to keep the money invested for your investment to grow to $66,000. What would you need to enter in Excel to help you answer this question? =NPER(4.0%, -1200, 66000) =NPER(0.04, 0, -1200, 66000) =NPV(0.04, -1200, 66000) =NPER(4.0%, 0, 1200, 66000)
You unexpectedly earn $1,200. Instead of blowing through the money, you decide to invest it in a mutual fund which earns 4.0% compounded annually. You would like to know how long you will need to keep the money invested for your investment to grow to $66,000. What would you need to enter in Excel to help you answer this question? =NPER(4.0%, -1200, 66000) =NPER(0.04, 0, -1200, 66000) =NPV(0.04, -1200, 66000) =NPER(4.0%, 0, 1200, 66000)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You unexpectedly earn $1,200. Instead of blowing through the money, you decide to invest it in a mutual fund which earns 4.0% compounded annually. You would like to know how long you will need to keep the money invested for your investment to grow to $66,000. What would you need to enter in Excel to help you answer this question?
=NPER(4.0%, -1200, 66000)
=NPER(0.04, 0, -1200, 66000)
=
=NPER(4.0%, 0, 1200, 66000)
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