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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Yilandwe – June 2015 Q 1
Hi.
I am having some trouble remembering/understand how the Remittable cash flows of (479,290), (16,370),179,678 etc were calculated. When I convert , for say year 0, (46,800) * 101.4 , the answer is not (479,290). Looking forward to your response.
The amount at time 0 is 48,600 (not 46,800) million YR.
The exchange rate is YR101.4 = $1.
Therefore it converts to 48,600M/101.4 = $479.290M which is $479,290 thousand (the answer is showing the amount in $ thousands).
Thanks.
You are welcome 🙂