The securities future value is $1,000,000 and the present value of securities is

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

Options:

A . 16.7473 years

B . 0.0304 months

C . 15.7473 years

D . 0.7575 years

Answer: Option C
Answer: (c).15.7473 years

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