Formula or Not?

cffreeman

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Maybe a dumb question, but here goes…
So I really didn’t focus on “Command Words” when I took L3 the first time, and I think it really hurt me. Given that, in Reading 11 on Taxes, the Command Word in the LOS 11b says..”Determine” and it is talking about the various FVIF to multiply with. So would Determine mean we have to memorize the formula and use it to calculate a problem on the exam?? If we are supposed to solve, why wouldn’t it be “Calculate”…?
Which command words are associated with formula memorization? Calculate, Convert, Estimate, Forecast, Solve, …?
 
IIRC command words does not dictate what is to be memorised, it is a guide on how to answer a question the CFA way
 
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