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Originally Posted by sambert5150
I just recently took and passed two CLEP exams - managment and Marketing. I am pondering taking the Principles of Finance. I am scheduled to take the class in the fall, but am conidering taking the DSST exam instead. What is the format of a DSST exam compared to a CLEP exam? Also would you advise taking the exam. The subject itself freaks me out. Thanks in advance
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Hi sambert,
Welcome to the board,
It's great to hear that you have already passed two CLEPs. Well done!
I don't think you have anything to lose by studying for, and taking, the DANTES Principles of Finance exam. At worst, you will lose about seventy bucks. At best, you will not have to take the class in the Fall.
Buy yourself a financial calculator. I used the Texas Instruments BAII+. I paid $30ish for it on Amazon.com, and it was PERFECT for this exam.
Work your way through Instantcert and learn all the core concepts. Learn how to use your calculator so that you won't have to even worry about the calculation-type questions.
This exam was not easy. It requires a lot of study and preparation. But it is TOTALLY doable. I was nervous about taking it too. But if you know the core conceptsw ell, know how to use your calc, and have good test-taking skills (obviously you do), you will very likely do well on the exam.
You have nothing to lose by going for it. Give it your best shot!
Best of luck,
Snazzlefrag