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F9 CBE equations not working in excel, Miller-Orr

Forums › ACCA Forums › ACCA FM Financial Management Forums › F9 CBE equations not working in excel, Miller-Orr

  • This topic has 0 replies, 1 voice, and was last updated 7 years ago by annamarie.
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  • February 25, 2018 at 5:26 pm #438915
    annamarie
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    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 🙂

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