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    Is it possible to take AEA Exam at the end of my first year? And if it is, how do I register and how much do I need to pay?

    Sure, it's just like taking an A Level, in your first year. If you school offers AEA, inform them that you want to take it early, and they may ask you to pay a fee or maybe not. They should handle it from there. If your school doesn't offer AEA, you have to find a school that does and tell them that you want to sit AEA with them and you will probably have to pay a fee to them. It shouldn't be too expensive, probably around MAXIMUM 20 pounds, just for the exam administration.

    There are no age restrictions on AEA so you could take it at 5 if you can find a centre to enter you and are prepared to pay- although it would make more sense to take it in Year 13. The entry deadline is 21 February and the exam board entry fee is £46.40 http://qualifications.pearson.com/co...es-2016-17.pdf (not sure where BobBobson got his MAX of £20 from) plus you may have to pay admin and invigilation fees if you take it as an external candidate - anything under £100 would be a bargain but it might be much more. Talk you your Exam Office/Maths department.
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