DSST Business Math: Business Calculus

Instructions:

• Answer 9 questions in 15 minutes.
• If you are not ready to take this test, you can study here.
• Match each statement with the correct term.
• Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. An-k=R[{1-(1+i)-(n-k)}/i]

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2. (difference in years between initial deposit and 1st withdrawal) x (number of periods in a year) - 1
Formula for K
Present Value of an Ordinary Annuity 'payments made at end of each period...the present value An necessary to make these payments'/Amortization Formula *'
Future Value of an Annuity Due 'beginning of each period'
Unpaid Balance or Payoff Amount of a Loan - 'for a loan of n total payments...the unpaid balance - A(n-k) - after k payments...'


3. S=R[{(1+i)n - 1}/i]

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4. A(n -k)=R[{1-(1+i)-n}/i](1+i)-k

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5. An=R[{1-(1+i)-n}/i](1+i)

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6. S=P(1 + i)n
Continuously Compounded Interest
Periodically Compounded Interest -
Present Value of an Annuity Due 'payment of R dollars made at the beginning of each period...present value necessary to make these payments'
Future Value of an Ordinary Annuity 'at the end of each period'


7. Sdue=R[{(1+i)n - 1}/i](1+i)

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8. S=Pert
Present Value of an Annuity Due 'payment of R dollars made at the beginning of each period...present value necessary to make these payments'
Future Value of an Annuity Due 'beginning of each period'
Future Value of an Ordinary Annuity 'at the end of each period'
Continuously Compounded Interest


9. An=R[{1-(1+i)-n}/i]

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