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saminathan I see the error in your formula it’s supposed to be
2m[(0.060.05)*60/360)]/[1 + (.06* 60/360)] = 3300 = B
Your one is:
2m[(0.060.05)*60/360)]/[1.06*(60/360)]
See the difference ?
In the denominator in the bracket keep it like 1 +( Refrence Rate * das/360) |
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