Post Utme Pan Atlantic University 2024 Commerce Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2024 Commerce Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • COMMERCE • objective

A bank offers a 6% annual interest rate on a 5-year certificate of deposit (CD). If the principal amount is 10,000, what is the future value of the CD?

Answer Options

Correct Answer A. 11628.91
B. 12000.00
C. 12500.00
D. 13000.00
Correct Answer
A
Correct Option:
11628.91

About This Question

This is Post Utme Pan Atlantic University 2024 Commerce Question 13. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Commerce examination.

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