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Old 11-12-2018, 02:59 PM
actuary94 actuary94 is offline
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Question EOM1 - Budget Valuation Detail

Do we need to edit the formulas at all on the "Budget Valuation Detail" sheet?

I cannot figure out why they subtract an extra half year in the "value at 1/1/06" calculation.

It looks like inflation is already being accounted for, but they said MMCL wasn't accounting for inflation... I think they just say that because it was set equal to 0%. Right? I've been staring at this spreadsheet for so long I'm starting to second guess myself.
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Old 11-27-2018, 05:05 PM
mushibug mushibug is offline
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I didn't edit any of the formulas since they all seemed right to me. They subtract the extra half year because they assume that costs are incurred at the midpoint of the year.

So if a cost was incurred in 2006, they assume it happened July 2006, so you need to discount half a year to get to 1/1/2006.
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