Dec 2012 Arbore

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

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November 23, 2014 at 10:45 am #212344
stacie395
Participant
- Topics: 39
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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~
November 23, 2014 at 11:32 am #212375
John Moffat
Keymaster
- Topics: 57
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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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