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Calculator settings

This topic has 3 replies, 2 voices, and was last updated 12 years ago by wgk.

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October 27, 2012 at 10:29 am #54892
lemonjellyfish
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Chapter 17, Example 1- I had to alter the settings on my calculator to get my answer match the model answer. Is there a tolerance in the exam for this, or is their a universal setting for the calculators?
October 27, 2012 at 11:36 am #106087
wgk
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I suspect it’s not a matter of adjusting your calculator!
Indexation factor is rounded to three decimal places for everything except shares where the indexation factor is not rounded. 🙂
October 27, 2012 at 1:04 pm #106088
lemonjellyfish
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Yeah, but to get to the same indexation factor as the model answer, I had to adjust my calculator settings. I had a difference of 0.001 and it changed the IA by £9. I just want to know if there is a tolerance for rounding on the exam.
October 27, 2012 at 2:09 pm #106089
wgk
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(229.2-212.1)/212.1 = 0.08062234794 (from my calculator)
now round to three decimal places one gets.0.081
🙂
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