Post Utme Bowen University 2021 Commerce Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

A bank in Nigeria offers a loan to a customer at an interest rate of 12% per annum. What is the present value of a future payment of ₦100,000 due in 5 years?

Answer Options

Correct Answer A. ₦80,000
B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Bowen University 2021 Commerce Question 4. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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