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This question belongs to Commerce Financial Management
Financial Management
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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

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Correct Answer: Option C
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2 Comments
Narayan Maharana
Narayan Maharana 6 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
Himanshukumar Vaghela
Himanshukumar Vaghela 7 years ago
Any one have solutions ?