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Chapter 16/ example 2

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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August 21, 2016 at 7:54 pm #334409
voudouri
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Reconciliation of obligations
Net amounts 2790,8793,1712 , how we calculate them?
August 21, 2016 at 8:25 pm #334414
MikeLittle
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Take the amounts paid in year 1 and in year 6
Discount the first for 1 year and discount the second for 6 years
The years 2 – 5 inclusive are the missing figure that makes the above 2 add up to the amount outstanding on the obligations account
OK?
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