Post Utme Al Hikmah University 2020 Commerce Question 16
Practice objective / multiple choice question 16 from the 2020 Post Utme Al Hikmah University Commerce examination.
A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum compounded annually. If an investor deposits ₦100,000 at the beginning of the first year, and the interest is compounded quarterly, how much will the investor have at the end of the fifth year?
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About This Question
This is Post Utme Al Hikmah University 2020 Commerce Question 16. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Commerce examination.
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