Post Utme Unilag 2021 Commerce Question 41

Practice objective / multiple choice question 41 from the 2021 Post Utme Unilag Commerce examination.

Post Utme Unilag 2021 Commerce Objective / Multiple Choice
Question 41 POST_UTME_UNILAG • 2021 • COMMERCE • objective

A bank offers a 3-year fixed deposit account with an interest rate of 10% per annum compounded annually. If a customer deposits ₦50,000 at the beginning of the first year, what is the future value of the investment at the end of the third year?

Answer Options

Correct Answer A. ₦67,087.19
B. ₦68,087.19
C. ₦69,087.19
D. ₦70,087.19
Correct Answer
A
Correct Option:
₦67,087.19

About This Question

This is Post Utme Unilag 2021 Commerce Question 41. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.

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