Factor to current med cost level

judyohjudyoh
in WernerD.WC
Screen Shot 2023-09-27 at 6.45.12 PM.png

How do you get 0.996 for AY 2020? I did (1+0.044)*(1-0.002) = 1.073848 and I'm not sure why I am not getting the same number.

Comments

  • GrahamGraham

    Does this answer your question:

    image.png

    You can also check the Excel version of this type of problem on the BattleActs PowerPack. That way, you can look at the formulas.

  • judyohjudyoh

    Sorry, I meant (1-0.002)*(1+0.076) = 1.073848 which is not 0.996. I followed the formula but am not getting the same number. I am wondering if there is an error in my calculation or a typo on the sheet.

  • GrahamGraham

    Ah, I see. You're right - that's a typo. It should be 1.074 (rounded.) I will fix that. It may take a couple of days because the change needs to be uploaded to the server. Thanks.

  • judyohjudyoh

    Ok, there were 2 practice questions and both have the same typo I believe

  • GrahamGraham

    Ok, thanks. By the way, the problems in the Power Pack don't have the typo if you want some more practice. It's the Excel files in the very last row of the table here:

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