Post Utme Lead City University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a debt of ₦1,000,000 due in 5 years. The company's cost of capital is 10% per annum. Calculate the present value of the debt using the formula for present value of an annuity.

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,250,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Lead City University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Lead City University Accounting examination.

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