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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

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?

24.09 years

25.43 years

No solution / error

28.00 years

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