SPREADSHEET MODELS FOR FINANCIAL MANAGERS

When Ernie DePropso and I were research assistants at the Institute of Public Administration at Penn State in the early 1960s, we experienced two technological miracles (or so it seemed). The first was the Thermofax copier, and the second was a Monroe calculator with a memory key that could hold one constant. The Monroe cost $1,500 at the time—today a calculator superior to the Monroe can be had for less than $5.