Hey guys, can we bring a second normal calculator, like a casio, or should we only use the financial calculator even in our calculations? Because in the requirements they do not mention anything about the normal calcuator.
Thank you.
Hey guys, can we bring a second normal calculator, like a casio, or should we only use the financial calculator even in our calculations? Because in the requirements they do not mention anything about the normal calcuator.
Thank you.
Why would you need a second calculator?
For calculating normal equations?
http://www.cfainstitute.org/en/about/governance/policies/cfa-calculator-policy
I strongly advise you against bringing a non-approved calculator to the exam.
I understand but how am I going to make calculations that do not require the financial calculator?
Obvious troll is obvious.
There will be no trigonometry on this exam. You can trust me: I’m old.
I know it is maybe stupid for you that I ask this question since thousands of people passed the exam with only the approved calculations, but there are many equations in the curriculum that need a normal calculator which displays the numbers and where you can put the whole equation into one, which is not the case for the financial calculator. The only algebra I use in it is when I have to divide an interest rate to use it for a PV or FV. Otherwise I use another calculator, to calculate other equations like, mcdur or a probability or any other equation of the many ones in the curriculum.
In case you’re not trolling, either master how to use the memorize function or simply do like I do, calculate each part separately and write it down, then sum them up. E.g (A+B)^2+(C*D). Simply do (A+B)^2, write it down, then do C*D and add it to the first calculation. Not the most effective way but it isn’t terribly time consuming and that way I minimize typos.
Oh God this is terrible! So I guess I need to go learn how to memorize the equations in the calculator. Thank you for your help!
Or use the 12c and RPN.
A B +
^2
C D *
A lot of the stuff is just inputs into pre-programmed worksheets - and make sure you know how to use them!!! Any “normal” calculation shouldn’t take more than a few keystrokes.
OP: Take an hour or so to read through the manual and do the example calcs. It will be very illuminating and save you time for LII and LIII.
You can even shoehorn some cumbersome calcs through the worksheets.