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 interĀ­period compounding, the NPER function to deterĀ­mine 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)


(c) = NPER(1.5%,?600,10000)

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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