Post Utme Mountain Top University 2022 Commerce Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Mountain Top University Commerce examination.
A bank is considering offering a new type of loan to its customers. The loan will have a fixed interest rate of 12% per annum and will be repayable in equal installments over a period of 5 years. If the customer borrows ₦500,000, what will be the monthly installment?
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About This Question
This is Post Utme Mountain Top University 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Mountain Top University Commerce examination.
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