ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Passed Paper – Q3 NG Co

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

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

Author
Posts
September 27, 2013 at 3:46 pm #141572
iggy
Member
- Topics: 9
- Replies: 3
In passed paper solution of Dec 09 Q3 (d)
where do they get “the 6 monthly interest payment is 260,000 euros
September 28, 2013 at 10:07 am #141597
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
In the question, the loan is EUR 6.5M and the interest is 8% p.a..
It is paid half-yearly, so 4% is paid every six months. 4% x 6.5M = 260,000
Author
Posts

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

You must be logged in to reply to this topic.