Examveda
Examveda

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

D. 0.7575 years

Answer: Option C


This Question Belongs to Commerce >> Financial Management

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Comments ( 2 )

  1. Narayan Maharana
    Narayan Maharana :
    3 years ago

    PV=FV/(1+r)^N
    (1+r)^N=FV/PV
    (1+0.045)^N=1000000/500000=2
    N*Log(1.045)=Log(2)
    N=Log(2)/Log(1.045)=0.30102/0.01911
    N=15.747

  2. Himanshukumar Vaghela
    Himanshukumar Vaghela :
    4 years ago

    Any one have solutions ?

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