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)

Question

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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