You are not expected to memorize it. The table for simple and annuity is provided.
However, i would suggest that you understand how to compute the PV factor using the financial calculator (mine was TI BA 2 Plus)
Also, explore how to get the NPV and IRR using the financial calculator as this would give you a good advantage compared to computing it manually per year.
Most questions in the exam regarding "What is the NPR" or "What is the IRR" involves 5 year cashflow scenario. So you can imagine how long it would take if you will do this manually.
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Mark Senen Jerez
Accountant
Dubai
United Arab Emirates
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Original Message:
Sent: 04-18-2024 01:20 PM
From: Kevin Harrison
Subject: Part 2 Discount Table
In the CMA Exam Support package, for several practice exam questions regarding NPV and IRR, the answers reference a discount/NPV value table to complete the answer (referencing time period and/or $ amount and/or %return/discount). Is this table something we are expected to memorize, or is provided, or is available on a certain type of calculator allowed for the exam?
Thanks in advance for any assistance provided.