fbpx
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: How to calculate Present Value & Future Value on standard PC Calculator????

How to calculate Present Value & Future Value on standard PC Calculator???? 4 years 10 months ago #8777

  • Kelly Coughlin
  • Kelly Coughlin's Avatar Topic Author
  • Offline
  • Junior Boarder
  • Junior Boarder
  • Posts: 24
  • Karma: 1
  • Thank you received: 6
Can anybody tell me how to perform these calculations using a standard Windows calculator? I bought the Prepcast formula study guide and although I have the formulas I cannot figure out how to do them using the Windows calculator. Thanks.

How to calculate Present Value & Future Value on standard PC Calculator???? 4 years 10 months ago #8790

  • Kevin Nason
  • Kevin Nason's Avatar
  • Offline
  • Senior Boarder
  • Senior Boarder
  • Posts: 76
  • Karma: 3
  • Thank you received: 18
Kelly

I would start by looking on YouTube for some very simple videos, like this one
. It is important for you to understand the PV and FV formula and what it means so you can pull the relevant data from the exam question. Looking back when I took the exam in April, the PV and FV question required analysis and understanding. Once you understand the meaning of the formula the "manual" calculation was easy.

The prometric center I went to handed me a very basic calculator, as in small and limited functionality. I also had access to the "windows" version and that was very basic as well. There was not option to change the calculator to a "scientific" or what other options there are currently offered in windows in current versions. It is something I checked. ;)

So my advice to you is to not to rely on short cuts available on a calculator, given that the test center may not have those options for you at test time, and the actual exam question may not be so easy as plugging in the numbers. I personally find that understanding the formula and how it works is much better, since you can always back into the answer given the it is a multiple choice exam.

I hope this helps you and best of luck in your exam prep!

Kevin

How to calculate Present Value & Future Value on standard PC Calculator???? 4 years 10 months ago #8791

  • Kelly Coughlin
  • Kelly Coughlin's Avatar
  • Visitor
  • Visitor
Thanks very much for the reply, I agree, Youtube is the best resource for pretty much any question in the world. Cheers.
Moderators: Yolanda MabutasMary Kathrine PaduaGabriella Dellino, PMPJoe PangJohn Paul BugarinEmily Rivera, PMPLisa Sweeney PMPHarry ElstonMani SelvanDenver MartinEric Wanyutu Kahiga, PMP, PMI-ACPSarah FucciThiago França, PMP®Felix Kamanga, PMPChan RampersaudElena MekhanoshinaKyle Kilbride, PMP

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login