SUBJECTS

BROWSE

CAREER CENTER

POPULAR

JOIN

LOGIN
Business Skills

Soft Skills

Basic Literacy

Certifications
About

Help

Privacy

Terms
Search
Test your basic knowledge 
DSST Business Math: Business Calculus
Start Test
Study First
Subjects
:
dsst
,
math
,
businessskills
,
businessmath
,
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 reenforces your understanding as you take the test each time.
1. S=Pert
Formula for K
Future Value of an Annuity Due 'beginning of each period'
Continuously Compounded Interest
Present Value of a Deferred Annuity 'if an ordinary annuity is to make n total payments...the present value A(nk) to achieve this annuity if the first k payments will be deferred...'
2. An=R[{1(1+i)n}/i]
3. An=R[{1(1+i)n}/i](1+i)
4. S=R[{(1+i)n  1}/i]
5. Sdue=R[{(1+i)n  1}/i](1+i)
6. A(n k)=R[{1(1+i)n}/i](1+i)k
7. (difference in years between initial deposit and 1st withdrawal) x (number of periods in a year)  1
Formula for K
Unpaid Balance or Payoff Amount of a Loan  'for a loan of n total payments...the unpaid balance  A(nk)  after k payments...'
Present Value of an Annuity Due 'payment of R dollars made at the beginning of each period...present value necessary to make these payments'
Present Value of a Deferred Annuity 'if an ordinary annuity is to make n total payments...the present value A(nk) to achieve this annuity if the first k payments will be deferred...'
8. S=P(1 + i)n
Present Value of a Deferred Annuity 'if an ordinary annuity is to make n total payments...the present value A(nk) to achieve this annuity if the first k payments will be deferred...'
Periodically Compounded Interest 
Continuously Compounded Interest
Formula for K
9. Ank=R[{1(1+i)(nk)}/i]