Question: 14. Which formula in B5 will allow you to determine how many years it will take to quadruple your savings at 11% per year and

14. Which formula in B5 will allow you to determine how many years it will take to quadruple your savings at 11% per year and compounded quarterly? b) a) =NPER(B3/B4,0,-B2,B1) =NPER(B3*B4,0,-B1,B2)/B4 c) =NPER(B3/B4,0,-B1,B2)/B4 d) =NPER(B3/B4,0,-B2,B1)/B4 A 1 Present Value 2 Future Value 3 Interest Rate 4 Compounding Frequency 5 Number of Years B $ 3,000 $ 12,000 11% 4 ?

14. Which formula in B5 will allow you to determine how many year it will take to quad ruple your savings at 11% per year and compounded quarterly? a) =NPER(B3/B4,0,B2,B1) b) NPER(B3*B4,0,-B1,B2)B4 c) NPER(B3/B4,0,-B1,B2)B4 d) =NPER (B3/B4,0,B2,B1)/B4

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