Post Utme Afe Babalola University 2019 Commerce Question 9
Practice objective / multiple choice question 9 from the 2019 Post Utme Afe Babalola University Commerce examination.
A life insurance policy has a premium of ₦10,000 per annum. If the policyholder dies after 5 years, the insurance company pays a lump sum of ₦200,000. What is the present value of the policy if the interest rate is 8% per annum?
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About This Question
This is Post Utme Afe Babalola University 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Commerce examination.
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