MC 108 - MODULE 4

MC 108 - MODULE 4

University

28 Qs

quiz-placeholder

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MC 108 - MODULE 4

MC 108 - MODULE 4

Assessment

Quiz

Mathematics

University

Hard

Created by

Jhonie Castro

Used 1+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the notation 𝑆∗ represent in annuity calculations?

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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