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Dear Sir,
Could you plse help me with part (b) of the quest:
i)how to calculate annual percentage rate?
ii) amount to be repaid after every 6 months.Many thanks.
I think you must be using a pretty old copy of the BPP Revision Kit, because in the current edition question 50 is not AGD. (They do have AGD as question number 147 in the current edition, but part (b) is asking to explain the differences between and operating lease and a finance lease).
The original exam question did have a part (c) which asks what you have typed, but the question was 12 years ago and in those days the exam was completely different. BPP have now left out part (c) because it is not asked in F9.
If you are taking the exam this week then it is obviously too late for you to buy a current edition of the Revision Kit, but make sure you are clear about the new format of the exam (with three sections to it and with Section C having two long form questions but Sections A and B having MTQ’s). If you have not looked at the specimen exam on the ACCA website, then do make sure that you do.
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