You unexpectedly earn $1,200. Instead of blowing through the money, you decide to invest it in a

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Question:

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)