@d3v1l_dare
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Up5
I’m not following curriculum sequence.
I haven’t made the planned it yet, bit I guess I will shuffle between topic areas.
Up4Well first 18 questions of the CFA L1 exam will be ethics questions. My target is to prepare in a way so that I can finish them in 10 minutes. This will probably give a moral boost in the beginning of the exam and also I can save time for critical questions with calculations.
I’m making my short notes while reading the materials. Once done with the concept, I’m planning to read in a day, seven case examples, one from each standard and attempt five questions a day. Each case/question taking 5 mins, I should be done by an hour/day.
“ethics sandwich” approach sounds good but only way I can memorize is by doing it frequently and repeatedly. So, gonna stick to my plan.. 😀
Up4OP,
You can’t add ‘Outflows’ of different time and assume it as present value.
Considering you are talking about the following Cash flows… based on that, your IRR should be 1.4728%
That’s your return on investment as well.
Period CF 0 May -3000 1 June -3000 2 July -3000 3 August -3000 4 September -3000 5 October -3000 6 November -3000 7 December -3000 8 January 0 9 February 0 10 March 0 11 April 0 12 May 0 13 June 0 14 July 0 15 August 0 16 September 0 17 October 0 18 November 0 19 December 0 20 January 0 21 February 0 22 March 0 23 April 0 24 May 32405.55 Using this rate you can now calculate PV.
Up3Depends!
Check the details of the topics to be tested in the CFA L-1 Exam.
http://www.cfainstitute.org/programs/cfaprogram/exams/Pages/level_I_exam_prep.aspx
If you feel comfortable with them, you can go for it.
Cheers!
Up1edulima said:I think @d3v11_dare meant 18 in the morning and about 18 in the afternoon, which kinda makes sense.
But @d3v1l_dare, don’t try to push too hard on this envelope… 18 questions at 1.5min/q means you could allocate 27 minutes for it without seriously jeopardizing your performance on the other topics. A goal of shrinking that to 10 minutes may be unrealistic, and perhaps self-defeating (if you obsessively try to stick to that goal).
Also, it’s not that much about memorization and you need to give yourself enough time to think about the ethical situation in each question.
Having said that, I’d agree that you can save a bit of time in that section of the exam if you don’t hit a mental roadblock.
Yeah you got it right. Of course first 18 in the morning & afternoon.
I wouldn’t argue on rest of your comments either. I guess it would even take more than 10 mins just to read on the scenarios. lol.. Thanks
Up1@edulima‌ nice elaboration. Great effort!! I agree fully. Just wanted to clarify what I meant
What the OP wanted to know, I assume, how to calculate return on investment when you know your cash outflows in first 8 months (each $3000) and then you know your final lump sum return is $32405.33. So, I guess ROI would be same as Internal rate of return.
Then OP wanted to know the PV of the outflow stream, which was for 8 periods!!
Anyways.. it’s solved now.
Up0Wonderful advices 🙂
Up0I have just started preparing for December’14. Going through Ethics materials. Although, Registered in Jan.. :s
I know it will be very slow now. The pace will go up in November. I’m used to it.. i mean keeping things for the end moment. lol
