• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Q&A 3.6 - FRA & Rounding Errors

G

Gareth

Member
Just something to note, if you are working out values of FRA's be very careful with rounding (you are working out the difference between two large numbers).

In the above example, the answer working to 3 d.p.'s on intermediary steps was -$10,231 when the true answer working to full accuracy was -$10,264.

It kind of tripped me up as I used the formula approach to the question - I was quite surprised to find the difference was purely a rounding issue.
 
You must log in or register to reply here.
Back
Top