Chapter 17 Example 1

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April 7, 2018 at 4:27 pm #445476
chrisi04
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Hi again 🙂

On the 1st of September he spent $20,000,000 immediately.

The answer is 90 under the invest column.

In my opinion it should be 10. Because 30 from 1st June under the invest column and then deduct the 20 expenditure.

Please explain.

Many thanks.

Chri
April 7, 2018 at 4:35 pm #445478
MikeLittle
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But he’s just borrowed another 80!

There was 30 invested, he borrowed 80 so has 110 to play with, he spends 20 of the 110 and therefore has 90 still invested

OK?
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