NPVForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › NPVThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts April 18, 2018 at 1:13 pm #447977 humaiParticipantTopics: 756Replies: 248☆☆☆☆☆Sir in NPV questions, if maintenance is payable by lessor at the end of each year then it means at start of time 1 or at end of time 1? Or does it mean at start of time 0 or at end of time 0? April 18, 2018 at 4:00 pm #448011 John MoffatKeymasterTopics: 56Replies: 53823☆☆☆☆☆There is no such thing as ‘start of time 1’ – it means nothing. Time 1 is a point in time that is one year away from now.I have already explained this to you in a previous reply:https://opentuition.com/topic/investment-appraisal-49/AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘NPV’ is closed to new replies.