Post Utme Lead City University 2021 Commerce Question 23
Practice objective / multiple choice question 23 from the 2021 Post Utme Lead City University Commerce examination.
A policyholder purchases a life insurance policy with a face value of ₦1,000,000. The policy has a premium of ₦50,000 per annum. If the policyholder dies after 5 years, the insurance company will pay the face value of the policy. Which of the following is the present value of the insurance policy?
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About This Question
This is Post Utme Lead City University 2021 Commerce Question 23. It is one of the objective questions from the 2021 Post Utme Lead City University Commerce examination.
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