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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dec 2013 q2
Hi sir,
How to choose the FRA? How to know the investment starting in three months time and finish in 7 months time??
Can you explain the time range from the question “to receive on1 feb, which will be invested until it is required on 1 june”
i really headache on this sentence@@
Thanks~
3v7 means investment required in 3months time and for 7-3 = 4 months
How to know investment required in three months time?
I think i get it already! I have missed the sentence which state that “assume that it is 1 nov 2013”,
So from 1nov to 1 feb, is three months~
Thats correct 🙂