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Old 08-18-2015, 04:44 PM
FC_Barcelona FC_Barcelona is offline
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Default CPCU 540 Calculators

For those who took CPCU 540, do I need financial calculator (BA II Plus) for this exam or is it okay to take the exam using TI-30XS Multiview calculator? I only have the multiview calculator for actuarial exams, so I am wondering if using the financial calculator is essential to pass exam or not.

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Old 08-19-2015, 10:08 AM
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You do not need the BA II Plus, but it can be helpful. The TVM questions on this test are very easy relative to FM. After the reading the first question, I thought "what's the trick?". But they are not trying to trick you. The question really just wanted to know what $x was worth in 5 years. The questions were uncomfortably easy.
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Old 08-19-2015, 11:46 PM
FC_Barcelona FC_Barcelona is offline
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Thanks Prob4Fun for reply! I think I don't have to worry about calculators.
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Old 08-20-2015, 02:38 AM
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Quote:
Originally Posted by Prob4Fun View Post
You do not need the BA II Plus, but it can be helpful. The TVM questions on this test are very easy relative to FM. After the reading the first question, I thought "what's the trick?". But they are not trying to trick you. The question really just wanted to know what $x was worth in 5 years. The questions were uncomfortably easy.
They will give you a reference sheet on the computer and you just need to find the correct period length and interest rate and apply the appropriate factor for the annuity/single payment

They also gave me a small calculator that doesn't have a lot of options. It's similar to the simplified calculator that's in your start menu for Windows.
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