Post Utme Bowen University 2023 Commerce Question 14
Practice objective / multiple choice question 14 from the 2023 Post Utme Bowen University Commerce examination.
A policyholder purchases a life insurance policy with a premium of ₦50,000 per annum. The policy has a 5-year term and a surrender value of 20% of the premium paid. What is the total surrender value after 5 years?
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About This Question
This is Post Utme Bowen University 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.
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