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Urgent EXAM on Wednesday..... HELP needed with using Casio fx-83 PLUS for Miller-Orr Formula

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Urgent EXAM on Wednesday..... HELP needed with using Casio fx-83 PLUS for Miller-Orr Formula

I’m having problem with entering the formula into my calculator, I have a Casio fx-83GT PLUS

I have my exam coming up on Wednesday and it would be really helpful to know which buttons to *** and which order!

I’m doing a different question, where the details are as follows:

Transaction cost is $30
Variance of cash flow is $270,000
Daily interest rate is 0.025%

I think it’s just the 1/3 that’s throwing things out, not sure which button to press!

The spread should come out to $8,689

I know the formula as it's given in the ACCA study material, just need to know how to use my calculator!

I hope someone can help

Regards

Neville

December 3rd 2016 AN ACCA USER 180 Points

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