Question

The securities future value is $1,000,000 and the present value of securities is $500,000 with an interest rate of 4.5%, the 'N' will be

a.

16.7473 years

b.

0.0304 months

c.

15.7473 years

d.

0.7575 years

Answer: (c).15.7473 years

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Q. The securities future value is $1,000,000 and the present value of securities is $500,000 with an interest rate of 4.5%, the 'N' will be

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