Post Utme Ui 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Ui Commerce examination.

Post Utme Ui 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UI • 2025 • COMMERCE • objective

A bank offers a 5-year certificate of deposit (CD) with a 6% annual interest rate compounded annually. If 10,000 is invested, how much will the investment be worth at the end of the 5-year period?

Answer Options

Correct Answer A. \16,386.16
B. \16,386.19
C. \16,386.21
D. \16,386.23
Correct Answer
A
Correct Option:
\16,386.16

About This Question

This is Post Utme Ui 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Ui Commerce examination.

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