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Hi.
MCQ question 19.
The suggested answer for calculating the conversion value, says.1.25 x 1.045 x 70 = 106.40
I don’t get this answer on my calculator. Anyone know what I’m doing wrong. Plus Where’s is the 1.045 come from when the growth per year is 4% not 4.5% .
I’m a little confused by it
Thanks
stuartEither you are misreading the answer, or your printer has done something funny!!
It is actually 1.25 x 1.04^5 x 70 = 106.40
The 1.04^5 is 5 years growth at 4% per year.
(Incidentally, I have uploaded lectures working through the whole of the Paper F9 specimen paper (and the December 2014 real exam). You can find them here:
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