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Commerce · Q356

Financial Management

Graduate and Post Graduate · Commerce · question 356

Q356

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

A.
16.7473 years
B.
0.0304 months
C.
15.7473 years
Answer
D.
0.7575 years

Answer: Option C

Solution

Answer: Option C
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