Post Utme Abu 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_ABU • 2019 • ECONOMICS • objective

A firm in Nigeria is considering investing in a new project. The project will require an initial investment of ₦1,000,000 and will generate a profit of ₦500,000 per year for 5 years. What is the present value of the project?

Answer Options

A. ₦2,500,000
B. ₦3,125,000
Correct Answer C. ₦4,166,667
D. ₦5,000,000
Correct Answer
C
Correct Option:
₦4,166,667

About This Question

This is Post Utme Abu 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

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