Mock exam 4 bpp kit

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May 30, 2023 at 7:08 pm #685528
hm1995
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Hello

In the above mock exam, when calculating APV, and to calculate the issue cost of 3% on gross finance. Shouldn’t the total borrowed amount be 80/0.97= 82.47 and the interest calculated on that amount? Because the answers take only 80m
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