Ans 25.56 years
FV = | Future Value |
PV = | Present Value |
r = | rate of interest |
n= | no of period |
FV/ PV = | (1 + r )^n |
5 / 1 = | (1 + 6.5%)^n |
5 = | (1 + 6.5%)^n |
5 = | 1.065^n |
n = | 25.56 years |
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