[vince]

Thank you very much 🙂

[vince]

Hi Sir, the discount factor for year 6 to year 15 can i calculate using annuity factor for 15years @11% – annuity factor for 5years @11%?

the answer provided is use 10 year annuity discounted for five years = 5.889 × 0.593, which i don’t really understand.

Thanks.

[vince]

Thank you for your explanation.
Okay. I will watch the free lecture on APV.

[vince]

Hi Mr John,
What discount factor should I use to calculate the tax shield on interest ?

[vince]

Thank you Mr. John.

[vince]

Hi Mr John,
Could you please explain the repairs and renewals 1.2million in current price need to inflate by 2.5%? I don’t understand why the terminal value of hotel in BPP answer is different with dec2008 exam answer sheet. How to get the amount of 8,915,309 terminal value of property in exam answer sheet? Thank you.

[Author]

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