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Dec 2012 Arbore

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dec 2012 Arbore

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
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  • November 23, 2014 at 10:45 am #212344
    Avatarstacie395
    Participant
    • Topics: 39
    • Replies: 54
    • ☆☆

    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~

    November 23, 2014 at 11:32 am #212375
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    No – that is simply because the answer has rounded to the nearest thousand (which is what you should normally do anyway – it wastes too much time writing down all the numbers 🙂 )

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