You can use A = 2000*12 = 24000 as A, but your r then has to be 6% rather than 6%/12.
The answer uses monthly payments because r = 6%/12 = monthly discount rate. They can also use annual payments to calculate the same number as long as the discount rate is annual.
So PV = Annual payments / Annual discount rate = Monthly payments / Monthly discount rate
= £24,000 / 0.06 = £2,000 / 0.005
Hope that helps!
Hey @archenoweth2 , yes you certainly can. I did this using Kaplan only, and didn't really refer to CFA institute curriculum at all.
That said, the end of chapter (EOC) questions can be useful to practice on after completing each reading, just to make sure you are understanding the key points of each chapter. It's free practice for materials you've already paid for - so it's something we advise doing for practice.
Hope this helps.
It's probably a cost thing isn't it?
I think in-person classes help structure your learning and helps you getting unstuck on areas that you just don't get, which there will be a lot. But expensive. If cost was not a factor, this is how I would choose to prep for the exam.
Personally I don't think there is much point to live online classes, might as well go for instructor videos at that point at a much cheaper price.
Another thing is to make sure you utilize the tutor support features if they are offered, they really help!
A portfolio manager is EXPECTING a cash flow inflows in 17 days. Should he calculate his future return using TWRR or MWRR?