Post Utme Joseph Ayo Babalola University 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A bank offers a 5-year certificate of deposit with a 6% annual interest rate compounded quarterly. If the initial deposit is 10,000, what is the future value of the investment after 5 years?

Answer Options

Correct Answer A. 13,218.19
B. 13,321.89
C. 13,425.59
D. 13,529.29
Correct Answer
A
Correct Option:
13,218.19

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support