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- 2011-5-25
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OK, I'm confused.
Book 5, page 35 - sinking fund factor - uses $1 for future value. Mock exam solution shows the calculation as $1 for present value. When I calcuate the return of capital to lender (see example on page 35) using numbers from question 28 on the mock, I get 0.00089, same number as if I calucated question 28 with $1 for future value.
Why does the book show $1 future value and the mock $1 present value? |
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发表于 2011-7-13 14:36
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