[rosecpa]

I noticed in my becker flashcards that they expect us to know the formula for PV of $1, and annuities. Aren’t they going to give that information in the question?

[ohiostategirlcpa]

What formulas are you talking about?

Do you mean amt x 1.1 x 1.1, etc for 10% FV?
amt / 1.1, etc for PV?

Yes, I used the above.
Though not the annuity formulas (they gave the multipliers). But for annuities you just have to add the various years PV together, right?

F91 A95 R90 B94
CMA since 2015
(Gleim books/PDFs, MCQs, SIMS)

[Future Ninja]

they will give the PV factor.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[rosecpa]

Yup, that's what I meant. The pv factors-phew! With less than 24hrs to my exam, I didn't exactly want to start memorizing those.

[ohiostategirlcpa]

On most problems, yes, they will give the PV factors, but not on all. I distinctly remember a question where I had to calculate because there were no PV factors.

I remember wondering how were people expected to answer that if they did not how to calculate. They would have had to make educated guesses, or use another roundabout ways.

F91 A95 R90 B94
CMA since 2015
(Gleim books/PDFs, MCQs, SIMS)

[hasy]

Same, I got one question where they PROVIDED NO PV factors. I encountered a similar problem while studying, you were supposed to make an educated guess. [roll eyes] I just guessed and moved on. If you're looking to REALLY tackle this area, I would really learn how to calculate NPV really well.

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved - Helen Keller

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BEC 80 (10/23/15)
FAR 72 (4/2/15); 83 (7/11/16)
REG 52 (4/28/15)
AUD (9/9/16)

Roger + NINJA MCQ + WTB

[Anonymous]

It's basic; just know it.

[Author]

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