Investment Planning AS3001 Assignment

Hello

sorry for the late response and thank-you for your response. I have not completed this question as yet however i thought we were only supposed to source this information from the subject notes.

I might email kaplan and find out if we are to source the information externally.

thanks

Also just another quick question.

i have been trying to calculate the IRR and I'm not sure what i am doing incorrectly.

i have been calculating as follows:

480,000 = [20665/(1+i)] + [21307/(1+i)^2] + [21862/(1+i)^3]

i can not calculate a suitable value or i that is results in a figure close enough to $480,000.

Thanks

As usual Kaplan are hopeless at helping you with any of the queries it's students have in particular this question because the markers themselves have no idea also. They don't even realise that they send you email replies that contradict other responses they have given other students or even the same student who asks them to clarify further because what they have provided is utter garbage. No wonder this industry gets a bad name - it's not bad enough they give multiple choice exams but they do not even know their own content themselves.

Enter these details in excel exactly how they are ignoring the bold text which is merely indicating what cells you need to place the text into. I do not know if it's right but it isn't what I did but I got my question incorrect and I had two responses from the same Kaplan idiot who told me to do two completely different things to correct it and one of his responses was exactly what I did to get it wrong.

A1 -4800000
A2 20665
A3 21307
A4 =21862+575000
A5 =IRR(A$1:A$4)

IRR = 10% but you will never know if this is right or wrong because I believe Kaplan have it wrong to begin with and most students do not even know how or why they are calculating this figure for and if they are REALLY doing it correctly.

I got 10.4% for my IRR calculating it manually, however that is still $201.11 short of the $480,000. Because Kaplan is asking us to calculate it to one decimal place this is the closest I got.
It would be much easier not having to provide workings as excel is much easier but if we don't we will lose marks.

I just cofirmed my manual calculation of 10.4% in excel, make sure you put it to one decimal place as initially it says 10% but at one decimal place it's 10.4%.

Builder2818, when are you doing your IP1 exam? Mine is on Friday 8.30am

I was going to do it this Thursday but I never got round to reading the text again - currently only on Chapter 4 but will do it next week sometime.

Good luck on Friday.

Have you finished your assignment?

Finalising my assignment right now, ended up being due tmoro because of the public holidays.
I have studied modules 1-8 in a space of 3 days, still have 9 & 10 left and they're the biggest. I don't really have an option to postpone my exam as I'm going overseas next Saturday for 7 weeks.

Good luck for your exam too! And thanks again for your reply regarding the forecasts.

Hi Christina

sorry for the late reply. you have probably already submitted your assignment. I just finished this question and basically used performance drivers direct from the company. it wasnt in the course notes. it says to use specific drivers so i cant see how they would mean that it is in the text. i basically used research on the company to find the relevant drivers.

How did you answer the question? I have to submit it next week as i am going overseas also.

Thanks also to yourself and builder for the help with the IRR question. When i calculated it manually i got the 10.4% as well. I dont think it matters that it is around $200 out because we only need to get it as close as possible.

i only have one more question to complete now but can not find it anywhere in the notes. its driving me mad. do you think you could point me in the right direction for Q3 Ciii).

Thanks again for all your help and goodluck with your exam.

Hi Jess126,
I actually never found text in the notes that directly related to this question. I did use text from 9:1.5 Gearing and the share price. This talks about high levels of debt so I just used the info and mentioned the flip side.
Hope that helps, I'm not sure if I'm right as haven't been marked yet. Builder2818 has passed his assignment so may be able to shed further info on this.

I'm a bit nervous about my exam tomorrow. Did the practice exam and it's confusing. There's so many elements involved and they all are very similar. Thankfully it's open book, but I find that this sometimes makes it harder cuz you doubt yourself and then go searching in the book, thus wasting time.

When do you go overseas? I go next Saturday so have very limited time to resit the exam if need be.

Are you doing the super and retirement subject next? I won't be starting mine til end of June.

Good luck with your studies.

Talk soon
Christina