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Forums › ACCA Forums › ACCA FM Financial Management Forums › Can anyone help me with Spread formula
Hi All,
Just wondering how do you go about calculating the Spread formula,
Whatever way I calculate does not seem to work
Say for instance this formula from the Pilot Paper, Q Ulnad
So formula is 3(3/4 x 18 x 1,000,000/0.00014).3333
When I just try to calculate what is in bracket it comes out as 9.642857143x 10 10 ?? whereas I think it should be coming out as 96428571428.571
Can someone please help?
Thanks in advance
You do not multiply by .3333 (as you have written it).
You take the amount in the brackets to the power .3333 (or take the third root, which is the same thing).