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How many years were involved in the calculation of the pv

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Reference no: EM133009961

Problem 1: A FV of $1,000,000 is worth a PV of $50,000 today. Assuming a rate of return of 12.5% per year, with monthly compounding, how many years were involved in the calculation (NPER) of the PV?

Group of answer choices

Option 1: 24.09 years

Option 2: 25.43 years

Option 3: No solution / error

Option 4: 28.00 years

Reference no: EM133009961

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