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Test your basic knowledge |
DSST Business Math: Business Calculus
Start Test
Study First
Subjects
:
dsst
,
math
,
business-skills
,
business-math
,
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. S=P(1 + i)n
Future Value of an Ordinary Annuity 'at the end of each period'
Continuously Compounded Interest
Future Value of an Annuity Due 'beginning of each period'
Periodically Compounded Interest -
2. (difference in years between initial deposit and 1st withdrawal) x (number of periods in a year) - 1
Continuously Compounded Interest
Periodically Compounded Interest -
Future Value of an Annuity Due 'beginning of each period'
Formula for K
3. An-k=R[{1-(1+i)-(n-k)}/i]
4. Sdue=R[{(1+i)n - 1}/i](1+i)
5. An=R[{1-(1+i)-n}/i]
6. A(n -k)=R[{1-(1+i)-n}/i](1+i)-k
7. An=R[{1-(1+i)-n}/i](1+i)
8. S=Pert
Continuously 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 Annuity Due 'beginning of each period'
Formula for K
9. S=R[{(1+i)n - 1}/i]