Post Utme Veritas University 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a debt of ₦500,000 due in 5 years. If the company wants to settle the debt by paying an annual installment of ₦100,000, calculate the total amount paid.

Answer Options

Correct Answer A. ₦500,000
B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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