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Normal distribution table and IRR

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Normal distribution table and IRR

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by AvatarJohn Moffat.
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  • August 29, 2022 at 7:41 pm #664609
    AvatarGigakutkha
    Participant
    • Topics: 26
    • Replies: 11
    • ☆

    Hi,

    Given that we will be given BSOP calculator during the CBE exam (and the spreadsheet NORMSDIST function), will we need normal distribution table in any type of questions? If so, could you please specify a topic for such a question?

    I also wonder if it is okay to calculate IRR/YTM using the spreadsheet IRR function or by solving by trial and error instead of interpolation.

    Thanks,
    Giga

    August 30, 2022 at 8:42 am #664654
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    No – you will not need the normal distribution tables for anything.

    And yes – it is certainly OK to use the IRR function in the spreadsheet. You should use it 🙂

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