CFA CFA Level 1 TVM; Practice Problem 18 [EAR]

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TVM; Practice Problem 18 [EAR]

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    • Avatar of TSDUELTSDUEL
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        • CFA Level 1
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        Hi

        I am not understanding this question (the solution) at all. I understand part A and calculating EAR. However, solving for N does not make sense to me. How does one get 46.21 (years)?!

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