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question 5 in the mock exam 3 of Bpp P & R kit.
the “Investment income Foregone” can you explain how the figure of 1040000000 is caluated ,I am sorry, but I think you must be using last years Revision Kit – the question 5 of exam 3 in the 2011 kit has no calculations.
If you type the name of the company in the question then I will try and find it – it is probably somewhere in the new kit.- Topics: 1
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sorry its mock exam two, q5 page 260 and the answer on page 279
At the moment, there are 1 million business customers, but if they do not do anything then the existing number will fall by 20%, which would mean 800,000.
So, the average balance would be: (45% x 800,000 x $2,000) + (55% x 800,000 x $(4,000)) = $1,040,000.
Hope that helps.
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