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Dear tutor,
May i please ask you if i can use financial calculator in the F9 exam? I mean – can i use it to calculate NPV, payback and IRR – to omit usual tables and listing Cash and Factors? or do i have to show precise calculations with factors and etc.
Thanks a lot
Vera
Yes – you can use a financial calculator.
However, if you look at the marking schemes (at the end of the examiners answer to past exams) you will see that most of the marks are for each bit of workings – there are hardly any marks for the final answer.
This is because the examiner needs to check that you understand what you are doing and that you have not just learned how to use a calculator.So……do not use it to calculate IRR etc.. They will expect to see your workings.
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