Part c why the Macaulay calculation divide 60,000,000 not the pv of annual payment there is a diff of 15755 but the final answer are the same 2.47
Second question why2.47/1.02 the normal Macaulay calculation don't do that
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2014june q1 cmc
9y ago#1I have recorded a lecture working through the whole of this question.
You can find it linked from this page:
https://opentuition.com/acca/afm/afm-revision-lectures/
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