Budgeting 12Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Budgeting 12This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts February 3, 2022 at 6:38 pm #648061 laraib.abroMemberTopics: 11Replies: 3☆Sir there is question in bpp kit what’s the pv of then annual payments of 700 the first paid immediately and discounted at 8% giving your answer to nearestCorrect is 5073My answer coming 4690Bcz I did according to text and formula700 * 6.710 (AF)Why are they using 9 yr annuity and add 1 February 4, 2022 at 7:48 am #648082 John MoffatKeymasterTopics: 57Replies: 54503☆☆☆☆☆Annuity factors always apply to annuities that start in 1 years time.Here, there is also 700 payable immediately and the present value of 700 payable now is 700.(I do explain this in my free lectures on discounting).AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In