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Good evening sir!
in part (c), we are asked to compute the PV of the savings.
for period 2 (6 mts to 1 year) i get a DF of:
1+6.2/2 = 1.031
so, df=1/1.031^2 = .9407 = .941the answer shows the factor =.942.
hope that i am calculating the factors correctly …
cd you pls confirm?
hopefully such variations wont affect the answer!!
regards
It is just rounding (because the tables only go to three decimal places and the examiner has rounded his workings).
It does not affect the marks, provided (or course) that you show your workings in a form that the markers can understand – the marks are more for the workings than for the final answer.
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