What does the notation 𝑆∗ represent in annuity calculations?

MC 108 - MODULE 4

Quiz
•
Mathematics
•
University
•
Hard

Jhonie Castro
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Present value of an ordinary annuity
Sum of an annuity due
Periodic payment
Term of an annuity
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which notation represents the number of conversion periods per year?
𝑛
𝑚
𝑟
𝑖
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for the periodic rate 𝑖?
𝑖 = 𝑟 × 𝑚
𝑖 = 𝑟 / 𝑚
𝑖 = 𝑚 / 𝑟
𝑖 = 𝑟 + 𝑚
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for the amount of an annuity due?
𝑆∗ = 𝑅 [(1+𝑖)^𝑛 − 1 / 𝑖]
𝑆∗ = 𝑅 [(1+𝑖)^(𝑛+1) − 1 / 𝑖 − 1]
𝑆∗ = 𝑅 [(1+𝑖)^𝑛 / 𝑖]
𝑆∗ = 𝑅 [(1+𝑖)^(𝑛−1) / 𝑖]
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If 𝑅 = ₱1,000, 𝑟 = 8%, 𝑚 = 4, and 𝑡 = 5 years, what is 𝑛?
5
10
20
40
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the amount of an annuity due if 𝑅 = ₱1,000, 𝑖 = 0.02, and 𝑛 = 10?
₱10,000
₱11,168.72
₱12,189.94
₱13,412.09
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for the present value of an annuity due?
𝐴∗ = 𝑅 [(1−(1+𝑖)^(−𝑛)) / 𝑖]
𝐴∗ = 𝑅 [(1−(1+𝑖)^(1−𝑛)) / 𝑖 + 1]
𝐴∗ = 𝑅 [(1−(1+𝑖)^(−𝑛)) / 𝑖 − 1]
𝐴∗ = 𝑅 [(1−(1+𝑖)^(1−𝑛)) / 𝑖]
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