FMChapter 6 Example 3 Open tution notes

There is a typing error in the printed answer - it should read 4,000,000 (not 400,000). If you use this in the formula then you will arrive at the same result as in the answer. However, you should not be using the notes without watching the lectures - they are only lecture notes and it is in the lectures that I explain and expand on the examples. In the lecture the figures used are correct. If you are not watching the lectures for any reason then you need to buy a Study Text from one of the ACCA approved publishers and study from there :-)

You are welcome :-)