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  1. #1
    hunter2115 is offline Knight / Dame
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    Mar 2006
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    Default tables and formulas for Principles of Finance?

    Are any tables (like present/future value interest factors), or any of the formulas provided on the exam- or does all of this need to be memorized? I guess I'll cancel my bricks and mortar class and give the DSSt exam a shot Probably lots more questions to follow!!!
    -Need 6 more credits for Excelsior College BS in General Business
    -Tested out of 46 credits to date
    Credits to finish:
    Operations Mgmt-CSU-Pueblo MGMT 311
    Business Policy- CSU Pueblo MGMT 485 or TESC exam???

  2. #2
    snazzlefrag is offline Moderator
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    Quote Originally Posted by hunter2115
    Are any tables (like present/future value interest factors), or any of the formulas provided on the exam- or does all of this need to be memorized? I guess I'll cancel my bricks and mortar class and give the DSSt exam a shot Probably lots more questions to follow!!!
    Hi Hunter,

    You will need to learn the formulas, especially the various ratio formulas. But remember that this isn't a MATH exam. If you know the formulas, the actual numbers they give you will make the solutions very easy to compute.

    More important than knowing the formulas, is the need to know the concepts BEHIND the formulas (what does the formula calculate, how, and why).

    I used my trusty Texas Instruments BAII+ calculator to take care of all the PV/FV/Breakeven/Interest calculation questions. So, knowing how to use my calculator allowed me to focus on memorizing the ratios and learning the concepts.

    Without a good financial calculator, this exam would have been much more difficult for me.

    PLEASE, if you haven't done so already, get yourself a financial calculator and learn how to use it. It will make this exam much more manageable.

    Other than the calculator questions, the rest of the exam is all about knowing the CONCEPTS and memorizing the major ratio formulas.

    Hope that helps,
    Snazzlefrag
    My name is Rob
    _____________________________________
    Exams/Courses Passed (43):
    - Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster.
    - Exams (39): 24 DSST, 15 CLEP.

    Total Credits: 142 (12 not used).
    GPA: 4.0

  3. #3
    hunter2115 is offline Knight / Dame
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    I already took your advise and bought a TI BAII+ calc on ebay Now I just need to figure out how to use it!
    -Need 6 more credits for Excelsior College BS in General Business
    -Tested out of 46 credits to date
    Credits to finish:
    Operations Mgmt-CSU-Pueblo MGMT 311
    Business Policy- CSU Pueblo MGMT 485 or TESC exam???

  4. #4
    snazzlefrag is offline Moderator
    Join Date
    Feb 2006
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    Vallejo, CA
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    Quote Originally Posted by hunter2115
    I already took your advise and bought a TI BAII+ calc on ebay Now I just need to figure out how to use it!
    Awesome Hunter!

    It's not hard to figure out once you get into it. I was intimidated by all the buttons at first, but by the time I was done figuring it out, I had that thing making coffee for me.
    My name is Rob
    _____________________________________
    Exams/Courses Passed (43):
    - Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster.
    - Exams (39): 24 DSST, 15 CLEP.

    Total Credits: 142 (12 not used).
    GPA: 4.0

  5. #5
    Kiwi Lover is offline Moderator
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    The Woodlands, TX
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    Quote Originally Posted by snazzlefrag
    Awesome Hunter!

    It's not hard to figure out once you get into it. I was intimidated by all the buttons at first, but by the time I was done figuring it out, I had that thing making coffee for me.

    Decaf or regular???

    BS - General Business - June 2007
    Excelsior College

  6. #6
    snazzlefrag is offline Moderator
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    Quote Originally Posted by Kiwi Lover
    [/i][/b]
    Decaf or regular???

    Ha ha!

    It HAS to be regular for the Principles of Finance exam. Decaf just wouldn't cut it.
    My name is Rob
    _____________________________________
    Exams/Courses Passed (43):
    - Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster.
    - Exams (39): 24 DSST, 15 CLEP.

    Total Credits: 142 (12 not used).
    GPA: 4.0

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