Post Utme Bowen University 2021 Geography Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Bowen University Geography examination.

Post Utme Bowen University 2021 Geography Objective / Multiple Choice
Question 9 POST_UTME_BOWEN_UNIVERSITY • 2021 • GEOGRAPHY • objective

A company is considering investing in a new industry in Nigeria. The company's financial analyst has determined that the industry's growth rate is 10% per annum, and the initial investment is ₦100 million. What is the present value of the investment after 5 years?

Answer Options

A. ₦173.91 million
Correct Answer B. ₦183.91 million
C. ₦193.91 million
D. ₦203.91 million
Correct Answer
B
Correct Option:
₦183.91 million

About This Question

This is Post Utme Bowen University 2021 Geography Question 9. It is one of the objective questions from the 2021 Post Utme Bowen University Geography examination.

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