CMP question 23.10

Discussion in 'SP2' started by kd3010, Mar 22, 2015.

  1. kd3010

    kd3010 Member

    I'm guessing this is something simple I'm missing, but why do we subtract 11/24 in the calculation of the adues?

    Any help appreciated.
     
  2. Darrell Chainey

    Darrell Chainey ActEd Tutor Staff Member

    Standard formula for monthly annuity (from Subject CT5). It's on Page 36 of the orange Tables.
     

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