Post Utme Aaua 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_AAUA • 2018 • COMMERCE • objective

A business owner purchases a life insurance policy for ₦500,000. The policy has a premium payment term of 5 years. What is the annual premium payment?

Answer Options

A. ₦100,000
B. ₦125,000
C. ₦150,000
Correct Answer D. ₦175,000
Correct Answer
D
Correct Option:
₦175,000

About This Question

This is Post Utme Aaua 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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