The 2022 Junior Banking Qualification Examination is about to officially begin. In the exam, the subject of "Personal Finance" requires a large amount of calculations. Although a calculator is provided in the exam, the calculation formula is still Candidates need to remember clearly before taking the exam. Below I will bring you a summary of the necessary calculation formulas for the 2022 Junior Banking Qualification Examination "Personal Finance". Friends who are in need, come and have a look with me!

1. Calculation of present value and future value

(1) Future value in a single period: FV=C0 (1 r). Among them, C0 is the cash flow in period 0, and r is the interest rate.

(2) Present value in a single period: PV=C1 (1 r). Among them, C1 is the cash flow in period 1, and r is the interest rate.

(3) Final value and present value in multiple periods: FV=PV×(1 r)t; the formula for calculating the present value in multiple periods is: PV=FV(1 r)t. Among them, (1 r)t is the terminal value compound interest factor, and FV (1 r)t is the present value discount factor.

2. Calculation of compound interest period and effective annual interest rate

(1) Compound interest period. Compound interest is calculated m times on financial assets within one year. After t years, the value obtained is: FV = C0 × 1 rmm.

(2) Effective annual interest rate (EAR). The calculation formula of the effective annual interest rate is: EAR=1 rmm-1

3. Calculation of annuity

An annuity is a group of equal amounts and the same direction within a certain period of time. Cash flows at the same time interval. Annuities are often represented by PMT. Annuity interest also has time value, so the future value and present value of an annuity are usually calculated using compound interest. According to the different time points when equivalent cash flows occur, annuities can be divided into beginning annuities and ending annuities. Generally, annuities are assumed to be terminal annuities.

(1) The formula for the present value of an annuity is: PV=Cr1-1(1 r)t.

(2) The formula of the present value of the annuity at the beginning of the period is: PV at the beginning of the period = Cr1-1 (1 r) t (1 r).

(3) The formula of the annuity’s future value is: FV=Cr×[(1 r)t-1].

(4) The formula for the terminal value of the annuity at the beginning of the period is: PV at the beginning of the period = Cr × [(1 r) t-1] (1 r).

4. Calculation of expected return on investment: E(Ri)=[P1R1 P2R2…PnRn]×100=∑PiRi×100

5. Variance. Variance describes the degree to which a set of data deviates from its mean, and its calculation formula is: variance = ∑Pi×[Ri-E(Ri)]2. The larger the variance, the more discrete this set of data is, and the greater the fluctuation of the data; the smaller the variance, the more aggregated this set of data is, and the smaller the fluctuation of the data is.

6. Standard deviation. The square root σ of the variance is the standard deviation, which is the average distance a set of data deviates from its mean.

7. Coefficient of variation. The coefficient of variation (CV) describes the risk required to obtain a unit of expected return. The smaller the coefficient of variation, the better the investment project. Coefficient of variation CV=standard deviation/expected rate of return=σi/E(Ri)

8. Number of months of unemployment protection = deposits, realizable assets or net assets/monthly fixed expenditure; accident or disaster tolerance = (Insurance claims on realizable assets - existing liabilities)/basic expenses.

9. The retirement funds that need to be prepared for retirement should be equal to: E=1-1 c1 rnr-c Among them, E=expenditure in the first year after retirement; c=the growth rate of living expenses after retirement; r =Return on investment; n=Expected life span after retirement.

Contents of the Banking Professional Qualification Examination:

1. Required subject: "Banking Laws, Regulations and Comprehensive Abilities"

Examination Purpose: Pass this subject exam , testing candidates’ ability to analyze and judge problems and handle basic business using basic knowledge of the banking industry, laws and regulations related to the banking industry, and the basic principles and professional ethics of banking industry practitioners.

Mainly examine knowledge points: economic and financial basics, banking business, bank management, legal basis of banking practice, bank supervision and self-discipline

2. Selected subjects: "Banking Professional Practice - Banking Management》

Purpose of the examination: To pass this professional examination, examine whether the candidates have reached the qualification level of banking managers and have the level of ability to perform duties matching the position, including examining their understanding of the relevant economic and financial systems. And the degree of mastery of laws and regulations, management of banking financial institutions, protection of financial consumers' rights and interests, etc., focusing on the actual application and control ability of compliance management of banking financial institutions, key points of various basic business risk control and corresponding regulatory requirements.

Mainly inspect knowledge points: economic policy, regulatory system, basic banking business, bank operation management and innovation, non-bank financial institutions and business, internal control, compliance management and auditing, bank risk management, banking industry consumption Protection of the rights and interests of shareholders and social responsibility

3. Selected subjects: "Banking Professional Practice - Risk Management"

Examination purpose: The risk management examination is based on the authoritative framework system of domestic and foreign regulatory standards. Closely integrate with the basic practices of domestic banking business and risk management, and aim at the basic understanding of all employees of banking institutions, especially grassroots practitioners, unify the basic concepts and terminology of risk management, and master the basic knowledge of risk management, risk culture, and risk limits. , risk preference, three lines of defense and other basic contents, focusing on credit risks and operational risks related to grassroots practical work.

Main inspection knowledge points: risk management foundation, risk management system, capital management, credit risk management, market risk management, operational risk management, liquidity risk management, country risk management, reputation risk and strategic risk Management, other risk management, stress testing, risk assessment and capital assessment, banking supervision and market constraints

4. Selected subjects: "Banking Professional Practice - Personal Finance"

Examination purpose : Passing this exam will test candidates’ mastery of basic knowledge and skills in personal finance, including testing the application of professional knowledge and skills such as financial investment markets, financial products, financial business management, etc.; test candidates’ understanding of personal financial services Mastery of relevant laws and regulations, customer classification and demand analysis, financial calculation tools, etc. Comprehensively apply the knowledge and skills of this subject to conduct personal financial management business legally and compliantly

Mainly examine knowledge points: personal finance, laws and regulations related to personal financial management business, financial investment market, financial management products, customer classification and needs Analysis, financial planning calculation tools and methods, financial planners’ work processes and methods, financial planners’ financial service skills, and other laws and regulations related to personal financial management business

5. Selected subjects: "Banking Professional Practice—Company" Credit》

Examination purpose: To pass this subject examination, test candidates’ application of relevant knowledge in the field of banking and corporate credit, including basic knowledge of corporate credit, corporate credit operating procedures, analysis methods and management requirements, as well as corporate credit related Laws and regulations, etc., and the ability to handle basic credit business of banking companies.

Main inspection knowledge points: corporate credit, loan application acceptance and pre-loan investigation, loan demand analysis, loan environment risk analysis, loan environment risk analysis, customer analysis and credit rating, guarantee management, credit approval, loan Contracts and disbursements, post-loan management, loan risk classification and loan loss reserve provision, non-performing loan management

6. Select the subject "Banking Professional Practice - Personal Loans"

Examination purpose: To pass this subject examination, test candidates’ application of bank personal loan business-related knowledge, including personal loan basic knowledge and business management, operating procedures and risk management of various business types, personal loan-related laws and regulations, etc., to handle bank personal loans Basic business capabilities.

Main inspection knowledge points: basics of personal loan business, personal loan management, personal housing loans, personal consumption loans, personal operating loans, credit card business, personal credit system