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Forums › ACCA Forums › ACCA FM Financial Management Forums › F9 CBE equations not working in excel, Miller-Orr
Hi,
I hope someone can help me.
I have tried doing the Miller-Orr equation in excel many different ways but I cannot get the right answer, when I do it on my calculator it is correct but it’s hard to show workings in excel that you have done on the calculator.
I am typing into excel =POWER(3*((3/4*18*1000000)/0.00014),1/3) and it is coming up with 6613.67
I am typing it into my calculator 3*((3/4*18*1000000)/0.00014) to the power of function button 1/3 and it is coming up with the correct answer 13756.98
What am I not understanding here?
Thanks 🙂