Post Utme Mountain Top University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • COMMERCE • objective

A company's financial manager must determine the present value of an investment that will pay 10,000 in 5 years. If the discount rate is 8% per annum, what is the present value?

Answer Options

A. 8,000
Correct Answer B. 9,000
C. 10,000
D. 11,000
Correct Answer
B
Correct Option:
9,000

About This Question

This is Post Utme Mountain Top University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.

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