Post Utme Nile University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a debt of ₦1,000,000, which is to be repaid in 5 years. If the company repays the debt in equal annual installments, what is the amount of each installment?

Answer Options

A. ₦200,000
B. ₦220,000
Correct Answer C. ₦240,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Nile University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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