20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

FM – Rounding Discount Factors for Sections A & B

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 16, 2022 at 3:56 pm #671619
charlie00
Participant
- Topics: 4
- Replies: 27
Hi, I recently did the Specimen FM paper on the practice platform and often use the formula (1+r)^-n for discount factors instead of the formulae sheet.
However, this resulted in a wrong answer for question 29 because the emaxiner expected the DF to three decimal places.
Does the marking scheme make allowances for rounding the discount factor in the FM exam? Should I always use the formulae sheet?
November 16, 2022 at 4:44 pm #671631
John Moffat
Keymaster
- Topics: 57
- Replies: 54478
In sections A and B it will not matter in the real exam because the question will either specify that an answer is required to (say) the nearest thousand (in which case the rounding becomes irrelevant) or the computer will allow both answers to be marked as correct 🙂
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.