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. S=Pert
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...'
Present Value of an Ordinary Annuity 'payments made at end of each period...the present value An necessary to make these payments'/Amortization Formula *'
Continuously Compounded Interest
Future Value of an Annuity Due 'beginning of each period'


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

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

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


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

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

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7. S=P(1 + i)n
Future Value of an Ordinary Annuity 'at the end of each period'
Periodically Compounded Interest -
Unpaid Balance or Payoff Amount of a Loan - 'for a loan of n total payments...the unpaid balance - A(n-k) - 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'


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

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

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