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12b.3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › 12b.3

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 1, 2021 at 11:08 pm #633885
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    Dear sir

    In this question why did we use effective annual interest rate

    Why couldn’t we just
    Apply the compounding interest formula and solve this question

    Why did we
    Take EAR into the picture

    Thank you

    September 2, 2021 at 7:42 am #633920
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51585
    • ☆☆☆☆☆

    You could do it that way and arrive at the same answer. How you get to the answer does not matter in the exam (because nobody will look at your workings 🙂 )

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