Dec 2012 Arbore

Hi sir,

For part (a) net present value for PDur05, the (1,200,000 x 1.11^-1), (1,400,000 x 1.11^-2) and (970,000 x 7.191 x 1.11^-3)

I got (1,081,081), (1,136,271) and (5,100,257) respectively, which is different from the suggested answer of (1,081,000), (1,136,000) and (5,100,000)…

Is there anything wrong here…??

Thanx~