When it comes to the CFA exam, having the right calculator is essential. The CFA Institute has strict rules and only allows two types of financial calculators during the exam: the Texas Instruments BA II Plus and the Hewlett Packard 12C. In this article, we will compare these two calculators to help you choose the best one for your needs.
Texas Instruments BA II Plus
The Texas Instruments BA II Plus is a popular choice among CFA candidates. Here are some pros and cons of this calculator:
- Pros:
- It has a stats worksheet, which can be useful for certain calculations.
- It is significantly cheaper than the Hewlett Packard 12C.
- It is faster than the regular Hewlett Packard 12C.
- Many candidates find it more intuitive and easier to learn and use.
- It has more functions than the Hewlett Packard 12C, such as discounted payback period and net future value.
- Cons:
- It comes with a soft case instead of a hard case, which may not provide adequate protection.
- It uses the Algebraic Operating System (AOS) or Chain model, which requires the user to remember the order of operations.
Hewlett Packard 12C
The Hewlett Packard 12C is another approved calculator for the CFA exam. Here are some things to consider about this calculator:
- Pros:
- It is known for its durability and longevity.
- It uses the Reverse Polish Notation (RPN) or Algebraic entry mode, which can be more efficient for complex calculations.
- For those familiar with RPN, it can substantially reduce the number of keystrokes required.
- Cons:
- It is more expensive than the Texas Instruments BA II Plus.
- Compared to the regular Hewlett Packard 12C, the Platinum 25th Anniversary edition is very fast.
- It may take some time to learn and get comfortable with the RPN entry mode.
Ultimately, the choice between the Texas Instruments BA II Plus and the Hewlett Packard 12C depends on your personal preferences and familiarity with the calculators. If you prefer a more affordable option and want access to a wider range of functions, the Texas Instruments BA II Plus may be the better choice for you. On the other hand, if you value durability and efficiency in complex calculations, the Hewlett Packard 12C, especially the Platinum 25th Anniversary edition, may be worth the investment.
Q: Can I use any other calculator for the CFA exam?
Hewlett & packard: pioneers in tech industryA: No, the CFA Institute only allows the Texas Instruments BA II Plus and the Hewlett Packard 12C (including the HP 12C Platinum, 12C Platinum 25th anniversary edition, 12C 30th anniversary edition, and HP 12C Prestige).
Q: Which calculator is more popular among CFA candidates?
A: The majority of candidates prefer the Texas Instruments BA II Plus Professional.
Q: Should I change the batteries of my calculator before the exam?
A: It is recommended to change the batteries a few days before the exam and test the calculator to ensure it is working properly. You can also bring a spare battery or calculator with you on the exam day.
Analyzing hewlett-packard (hpe) stock price: trends, factors, and analyst targetsQ: Is the Texas Instruments BA II Plus more intuitive than the Hewlett Packard 12C?
A: Many candidates find the Texas Instruments BA II Plus to be more intuitive and easier to learn and use compared to the Hewlett Packard 12C.
Choosing the right calculator for the CFA exam is crucial for your success. Both the Texas Instruments BA II Plus and the Hewlett Packard 12C have their own advantages and disadvantages. Consider your preferences, budget, and familiarity with the calculators before making a decision. Remember to practice with your chosen calculator extensively to ensure you are comfortable and efficient during the exam. Good luck!