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  • 1.  Can we calculate IRR using basic calculator

    Posted 3 days ago
    Hi All,
    Need your advise can we calculate IRR using Basic calculator? or if we need a Financial calculator for the exams?
    Please reply.
    Thanks,
    Rohan.

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    Rohan Sharma
    Analyst
    Palampur, District Kangra
    India
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  • 2.  RE: Can we calculate IRR using basic calculator

    Posted 3 days ago
    Yes we can Calculate IRR from basic Calculator. There is no need to take financial calculator. If you want to take financial calculator there is prescribed list of financial calculator which are allowed in exams.

    I used basic calculator for both exam parts and it's enough for all calculations.

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    Rahil Shaikh
    Cost Controller
    Thane MH
    India
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  • 3.  RE: Can we calculate IRR using basic calculator

    Posted 3 days ago
    Very good question. Consider the below equation.


     $$10,000=\ \left[{{5,000}\over {{\left(1+IRR\right)}^1}}\right]+\ \left[{{6,000}\over {{\left(1+IRR\right)}^2}}\right]+\ \left[{{7,000}\over {{\left(1+IRR\right)}^3}}\right]$$ $$IRR=33.87\%$$

    As you can see to expand the denominator and to isolate the IRR is not possible with traditional calculation methods. Expanding the terms on paper will take super long extra time. So the financial calculator makes it quick and gives you the IRR within few seconds.

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    Kiranraj Tanwar
    Director/Manager
    Nallasopara MH
    India
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  • 4.  RE: Can we calculate IRR using basic calculator

    Posted 3 days ago
    Hi,

    Financial calculator is not allowed in exam, you can only carry a basic function calculator only. This is sufficient for all calculations in exam.

    Best 
    Tushar gupta 





  • 5.  RE: Can we calculate IRR using basic calculator

    Posted 3 days ago
    You can calculate using ordinary calculator and time value table which available on exam screen.

    Ibrahim

    Sent from my iPhone




  • 6.  RE: Can we calculate IRR using basic calculator

    Posted 3 days ago
    Yes, u can calculate IRR with a normal calculator.


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    Nishtha Soni
    Mumbai MH
    India
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