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Baumols model;OT notes Example 2 pg34.- Interest earned on Current account

Forums › ACCA Forums › ACCA FM Financial Management Forums › Baumols model;OT notes Example 2 pg34.- Interest earned on Current account

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  • November 21, 2011 at 1:58 pm #50605
    accabahaliyake
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    I was trying to work out the interest earned.Answer given is worked out as 150000/2 * 5 %.Question is why are we dividing by 2????THANKS

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