Post Utme Afe Babalola University 2022 Commerce Question 3
Practice objective / multiple choice question 3 from the 2022 Post Utme Afe Babalola University Commerce examination.
A bank offers a 5-year fixed deposit account with an interest rate of 12% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, what is the future value of the investment at the end of the fifth year?
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This is Post Utme Afe Babalola University 2022 Commerce Question 3. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Commerce examination.
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