CPCU® 540 Calculator – Approved CPCU® Calculators
You’re going to need a calculator on the CPCU® 540 exam, the exam is very difficult; it’s not possible to pass the exam without a calculator. This is the calculator we recommend. This is what our students use on the exam.
The exam is very math-intensive and will require you to memorize over 40 formulas, if you want to see what formulas you need to memorize you should download our practice exam and formulas guide detailing which formulas are provided at the exam and which you need to memorize.
Unfortunately, the testing center is pretty strict in regard to what calculators you’re allowed to bring to a CPCU® exam. Throughout this post we’ll detail everything you need to know about approved calculators for your CPCU® exam.
Disclaimer
AssociatePI is not affiliated with The Institutes or any prometric testing center. This resource is intended for informational purposes only, to inform students about our experience and knowledge of the calculators allowed on your CPCU® exam. This information is not the choice, nor does it involve the input, of AssociatePI. This information is sourced from industry publications detailing the allowable calculators on a CPCU® exam.
Recommended Calculator
We recommend the Texas Instruments BA II Plus Financial Calculator. Based on feedback from students, this calculator meets the testing guidelines and is allowed at the Prometric testing center. Most of our students use this calculator.
Here is the description of the calculator:
The BA II Plus Professional calculator features all the great features of its predecessor while packing in even more time-saving functions to make short work of complex equations. It’s an ideal choice for entry level and advanced finance, accounting, economics, investment, statistics, and other business classes. It’s also a great choice to bring to the Chartered Financial Analyst (CFA) exam. Along with the standard capabilities of time-value-of-money, accrued interest, amortization, cost-sell-margin, and depreciation calculations, users can calculate more advanced business and finance related issues. It will handle net future value (NFV), modified internal rate of return (MIRR), modified duration, payback, discount payback, and more. Its rugged metal exterior, firm-touch keypad and anti-slip rubber feet make it ideal for anyone in accounting, economics, investing, statistics, and related businesses. Note-automatic power down feature turns off the calculator automatically after about five minutes of inactivity, the calculator turns on exactly as left
You can view this on Amazon here.
Prometric vs. On-site Calculator
A basic calculator will be given to you if you’re taking your CPCU® exam at a Prometric Testing Center, this basic calculator is a very simple battery-powered calculator with basic numbers. No alphanumeric numbers or graphing functions.
On-site centers do not provide calculators; you will need to bring your own approved calculator for your exam.
How to Approve Calculator – IMPORTANT
If you plan to bring your own calculator to an exam, you MUST print and bring the “calculator policy” portion of this confirmation notice published by The Institutes to the testing center to verify The Institutes’ criteria for an acceptable calculator. Information regarding the appropriate guidelines and detailed requirements of acceptable calculators can also be found within the publication.
Disclaimer
AssociatePI is not affiliated with The Institutes or any prometric testing center. This resource is intended for informational purposes only, to inform students about our experience and knowledge of the calculators allowed on your CPCU® exam. This information is not the choice, nor does it involve the input, of AssociatePI. This information is sourced from industry publications detailing the allowable calculators on a CPCU® exam.
How To Use Calculator CPCU® 540 Calculator
This is a great video posted by John Wolff on YouTube that shows you exactly how to use a BA II Plus calculator on the 540 exam. I highly recommend watching this video for tips on how to use the calculator on your exam.
Please note: this video is not the property of AssociatPI. AssociatePI did not create this video. This is a helpful video, posted publicly on YouTube, intended to help with your studying.
Free Practice Exam
Ready to get started studying? We’re here to help (for free). Download our free CPCU® 540 practice exam to get a feel for the type of questions you will see on the exam. This includes the formulas and present/future value tables for your exam.
Download: Free Practice Exam (CPCU® | API™ | ARM™)
More Information
For more information about the CPCU® 540 exam, checkout some of our other free resources:
- Free access CPCU®540 chapter one
- CPCU®540 difficulty
- CPCU®540 most important topics
- CPCU®540 formulas
- CPCU®540 studying tips and tricks
- CPCU®540 video series
- CPCU®540 approved calculator
- CPCU® Designation Overview
- CPCU® Designation Salary
- CPCU® Cost
- CPCU® Exam Pass Rates
Disclaimer
Remember, every CPCU® exam is different. No single exam is the same. Be sure to study ALL topics (not just our recommendation). This resource is intended to provide you with a general idea of where your focus should be. Make sure to thoroughly study every topic of this exam.
Difficulty rank, importance rank, and the advice provided in this resource are solely the opinion of AssociatePI. This resource is intended to provide you with a general idea of where your focus should be. Each exam administered by The Institutes is different. AssociatePI is not affiliated with The Institutes or involved in the exam writing process. Please be sure to thoroughly study every chapter and every topic of this course.
CPCU® exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the CPCU® designation.
CPCU® and API™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.
For further information, please email contact@associatepi.com.
