Post Utme Afe Babalola University 2020 Commerce Question 33
Practice objective / multiple choice question 33 from the 2020 Post Utme Afe Babalola University Commerce examination.
A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If the initial deposit is ₦100,000, what is the future value of the investment after 5 years?
Answer Options
About This Question
This is Post Utme Afe Babalola University 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.