Post Utme Unn 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Unn Commerce examination.

Post Utme Unn 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2017 • COMMERCE • objective

A bank offers a loan to a customer at an interest rate of 10% per annum. What is the present value of a future cash flow of ₦100,000 due in 5 years?

Answer Options

Correct Answer A. ₦83,333.33
B. ₦86,667.67
C. ₦90,000.00
D. ₦93,333.33
Correct Answer
A
Correct Option:
₦83,333.33

About This Question

This is Post Utme Unn 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Unn Commerce examination.

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