Question - getting ready to sit for Cert Res

[Conservative in Virginia]

Getting ready to schedule with PSI and I have a few questions for them but THEY do no answer the phone so I thought I would pose this here specifically to anyone who may have recently taken the test. My first question is... for the test questions relating to time value of money do they include the factor tables OR are you forced to use the HP 12 C? IF you must use the HP 12 c (which I have, and the instructions) CAN I also bring another (plain old fashioned calculator) to do regular math with. The reverse polish notation drives me nuts.

 

[Trihard]

They gave me a simple calculator for the exam no questions asked. The HP12C they take from you and clear the memory then give it back to you before the test starts. As far as the time value question, I don't remember any tables being provided. The questions were worded very similar to the AI practice tests. Almost exactly like these. https://www.appraisalinstitute.org/assets/1/7/Sample-problems.pdf

 

[Terrel L. Shields]

The reverse polish notation drives me nuts.

learn it and all the others will drive you nuts. It's been in use 40 years for a reason. It is good. I cannot think of another calculator with that long life. It is however too late to learn well before the test. I think you can take an approved arithmetic calculator to the test. But may vary state by state. If you fail the test then consider taking a 12C calculator income course. If you learn to use it, you won't regret it. You need to learn the six functions of a dollar - you will have to to pass the CG test for sure.

 

[Conservative in Virginia]

learn it and all the others will drive you nuts. It's been in use 40 years for a reason. It is good. I cannot think of another calculator with that long life. It is however too late to learn well before the test. I think you can take an approved arithmetic calculator to the test. But may vary state by state. If you fail the test then consider taking a 12C calculator income course. If you learn to use it, you won't regret it. You need to learn the six functions of a dollar - you will have to to pass the CG test for sure.

 

[Conservative in Virginia]

Yeah, Terrel, if I were younger I would dive in for sure but unfortunately I have been cyphering the OLD way for 40 years.. LOL at least I FINALLY let go of my abacus!!!!!!

 

[Conservative in Virginia]

They gave me a simple calculator for the exam no questions asked. The HP12C they take from you and clear the memory then give it back to you before the test starts. As far as the time value question, I don't remember any tables being provided. The questions were worded very similar to the AI practice tests. Almost exactly like these. https://www.appraisalinstitute.org/assets/1/7/Sample-problems.pdf

THANK YOU - yeah I knew they took the hp and cleared it.. LOL.. I really don't know how to store stuff on it anyway. THANK you so much for the link... I have been scouring the internet for some more practice questions (have done all the learn appraisal questions/tests - have those answers memorized - which is not necessarily a good thing) - needed more good study stuff.

 

[Terrel L. Shields]

I am 69. I didn't learn the 12C until well past 40... It really is not hard.

 

[Sid Holderly]

The HP 10BII and the TI BA II+ will do any of the financials needed for a test with regular notation. Anything else the 12C has for a report can be completed with the financial functions on most spreadsheets. Using the 12C is like building an equation using the Basic computer language for me. I can do all the functions I regularly need with the 10BII much faster than on a 12C. The major need for the 12C was before personal computers.

I think

 

[Addie]

Umm. You do know the HP12c does algebraic calculations right, Not just RPN?

 

[Basically Rectangular]

Come on, just practice with the HP12... I couldn't imagine using a standard calculator now.