#### Suzanne Evans

##### Well-Known Member

**The following is the updated list on the GARP website for approved calculators: https://www.garp.org/frm/exam-policies#calculator-policy**

A valid list is:

- Hewlett Packard 12C (including the HP 12C Platinum and the Anniversary Edition)
- Hewlett Packard 10B II
- Hewlett Packard 10B II+
- Hewlett Packard 20B
- Texas Instruments BA II Plus (including the BA II Plus Professional)

The HP 12C is powerful, in a nutshell, IMO it has a steeper learning curve but then you have a bit more power and flexibility (however, in terms of the exam, this is not really a benefit: the exam only requires usage of basic set of functions including TVM; as per the question above, the powerful bond functions generally should be avoided in the exam unless you are expert, for they will get you into trouble. For exam purposes, bond questions will only require your familiarity with basics)

The HP 20b , it has been noted in these forums, is unique among these calculators because it offers built-in CDF and inverse CDF for the four sampling distributions (e.g., inverse normal CDF). However, strictly speaking, you don't need these functions for the exam.

**My bottom line on calculators: the FRM exam only requires your facility with a basic subset of functions; e.g., LN(), EXP(), powers/roots for compounding/discounting; TVM including for bonds. Therefore, any of them are quite sufficient. More important than selection is that, having selected one, you practice and get comfortable with yours.**

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