Post Utme Unilorin 2018 Geography Question 3
Practice objective / multiple choice question 3 from the 2018 Post Utme Unilorin Geography examination.
A farmer in a rural area of Nigeria is considering the adoption of a new irrigation system. The system requires an initial investment of ₦500,000 and will save the farmer ₦200,000 per year in water costs. However, the system will also require an additional ₦100,000 per year in maintenance costs. What is the net present value of the system over a period of 5 years, assuming a discount rate of 10%?
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About This Question
This is Post Utme Unilorin 2018 Geography Question 3. It is one of the objective questions from the 2018 Post Utme Unilorin Geography examination.
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