For the data in Problem 2.60, find the year that your retirement account first exceeds (a) $2

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For the data in Problem 2.60, find the year that your retirement account first exceeds

(a) $2 million, and

(b) Then $3 million. In setting up the spreadsheet you wish to know the amount that must be deposited each year. Use any spreadsheet functions that you choose.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 05:52 AM

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For the data in Problem 2.60, find the year that your retirement account first exceeds (a) $2

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Here is one approach to the solution using NPV and FV functions with results left and formulas right a 26 years b 30 years only 4 years more than the ...View the full answer

Engineering Economy

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