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Present Values

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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March 2, 2022 at 12:43 pm #649643
dishasha
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When I calculate Present values manually with the formula it differs very slightly to when I use the tables.
In the exam, does the marking system allow for the discrepancy? or should I only use the tables,
Thanks
March 2, 2022 at 6:50 pm #649677
John Moffat
Keymaster
- Topics: 57
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As I explain in my free lectures, it is because the tables are rounded to three decimal places.
The computer is programmed to take account of this when marking (most often by asking for the answer to be given to (for example) the nearest thousand).
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