CFA Calculator Guide
1. Which calculator to use?
Being a CFA candidate, you can use only those calculators approved by the CFA Institute for the CFA exam. Only 2 calculator models (and their variations) are authorized for the CFA exams:
- Texas Instruments BA II Plus (including BA II Plus Professional), and
- Hewlett-Packard 12C (including the HP 12C Platinum, 12C Platinum 25th anniversary edition, 12C 30th-anniversary edition, and HP 12C Prestige).
Texas Instruments calculators are the most prevalent and hence it is recommended.
HP calculators are a bit difficult to use and costlier as well.
The Texas BA II Plus is priced around INR 3k whereas the Professional version costs around INR 4k. The price difference is because of the build quality and a few extra features like Discounted Payback Period, Net Future value, etc.
The basic version is enough to pass all three levels of the exam. But if you can afford the professional version, it might save you a few extra minutes in the exam.
2. How to use Texas Calculator?
The primary function of a key is printed on the key itself. For example, the primary function of the ON/OFF key is to turn on or turn off the calculator.
Most keys include a second function printed above the key. To select a second function, press “2nd” and the corresponding key. (When you press “2nd”, the 2nd indicator appears in the upper left corner of the display.)
For example, pressing “2nd” and “Quit” exits the selected worksheet and returns the calculator to the standard calculator mode.
The indicators along the top of the display tell you which keys are active and offer information about the status of the calculator.
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