Post Utme Ui 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UI • 2019 • COMMERCE • objective

A consumer is considering the purchase of a new product. The product has a price of ₦5.2 million and is expected to last for 3 years. The consumer's opportunity cost of capital is 20% per annum. What is the present value of the product?

Answer Options

A. ₦4.2 million
Correct Answer B. ₦4.5 million
C. ₦4.8 million
D. ₦5.0 million
Correct Answer
B
Correct Option:
₦4.5 million

About This Question

This is Post Utme Ui 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

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