Post Utme Mountain Top University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • COMMERCE • objective

A company's financial manager must determine the future value of an investment that will pay 5,000 in 3 years. If the interest rate is 10% per annum, compounded annually, what is the future value?

Answer Options

A. 6,000
B. 7,000
Correct Answer C. 8,000
D. 9,000
Correct Answer
C
Correct Option:
8,000

About This Question

This is Post Utme Mountain Top University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.

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