Hi everyone, Do we really need to be memorizing all of the formulae?
I keep reading that this is the toughest part. Am I being naive to think that with this test being multiple choice and our calculators capable of doing a great deal of calculations on their own (i. TVM) that I won’t need to walk in having all of the TVM formulae memorized?
Knowing formulas are not as important as knowing what they mean and what they’re used for. How changes in inputs affect the outcome. Of course it’s hard to know this without knowing the formula but knowing the concept makes the formula simpler to remember.