Money market hedging e.g 6

Sir I just your lectures on money market hedging, and after watching the lecture and the example 6 which you performed and on the basis of that example/lecture I wrote the following steps and formulae for my easiness and quick performance in exam. Please check whether its right and if there is any error in it then please rectify. Its for hedging a reciept

1) Borrow present value of foreign currency today

a) Calculate adjusted borrowing interest rate (%) by following formula:
Borrowing interest rate (%) multiply by number of months to borrow divided by 12 months

b) Future value of borrowed foreign currency amount (given in question) multiply or divided by [1+ adjusted borrowing interest rate (%)]

2) Sell borrowed present value of foreign currency at spot rate to get home currency value

3) Deposit home currency

a) Calculate adjusted deposit interest rate (%) by following formula:
deposit interest rate (%) multiply by number of months to deposit divided by 12 months

b) Home currency value multiply or divided by [1 + adjusted deposit interest rate (%)]

Can the above formula be applied in all questions of hedging reciepts