2007 morning Question 1, inflation adjustment issue

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jinstudy's picture

Hi,

In the guideline answer of 2007 morning Q1, the living expense, aka the PMT term is equal to:

200,000 x 1.025.

Isn’t the inflation rate is double counted in the guideline answer?

BTW, what does CFAI EOC stand for?

thx.

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idreesz's picture

jinstudy Wrote:
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> BTW, what does CFAI EOC stand for?
>
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> thx.

CFAI - CFA books

EOC - End of Chapter

http://www.linkedin.com/in/idreeszafar

jinstudy's picture

I have done the EOC last year and failed.

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