Post Utme Covenant University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

A country is considering a project with a \cost of ₦100 million and a benefit of ₦120 million. If the discount rate is 10%, what is the present value of the project?

Answer Options

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

About This Question

This is Post Utme Covenant University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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