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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~
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