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jcpa
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Joined: 23 May 2009
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Posts: 6

Posted: 17 Jun 2009 at 12:40 \| IP Logged

Hello all,

Quick question - I am using Bisk and throughout all of
the lectures they are adamant about that fact that you do
not need to remember the formulas for present/future
value nor do you need to know the formula for the
present/future value of an annuity b/c the interest rate
factors (PVIF or PVIFA) will be given on the exam.

Is this true? Do your review materials state the same
thing? Reason I ask is that I just had a friend that sat
for BEC and said she was not provided with the
factors.

Thanks for your help.

pl999
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Joined: 16 Jun 2009
Location: United States
Online Status: Offline
Posts: 27

Posted: 17 Jun 2009 at 13:35 \| IP Logged

I saw no questions requiring a PV factor where the factor wasn't provided. It would be ludicrous to expect someone to come up with the factor themselves in an exam situation.

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