Post Utme Aaua 2021 Commerce Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Aaua Commerce examination.
A life insurance policy has a premium of ₦5000 per year. The policy pays a benefit of ₦200,000 if the policyholder dies within the first 5 years. After 5 years, the policy pays a benefit of ₦100,000. What is the present value of the policy if the discount rate is 5%?
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About This Question
This is Post Utme Aaua 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Aaua Commerce examination.
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