Gce Model Questions Vol1 2024 Christian Religious Studies Question 43
Practice objective / multiple choice question 43 from the 2024 Gce Model Questions Vol1 Christian Religious Studies examination.
An Anglican parish has £12 000 to spend on either repairing the church roof or funding a missionary trip. If the roof is not repaired within two years it will incur a loss of £30 000 in structural damage. The missionary trip costs £9 000 and is expected to result in five new converts, each of whom will contribute £2 000 per year for ten years. Assuming a discount rate of 5 % per annum, calculate the present value of the total contributions from the new converts and determine which option yields the greater net present benefit. State the chosen option.
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About This Question
This is Gce Model Questions Vol1 2024 Christian Religious Studies Question 43. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Christian Religious Studies examination.
Difficulty level: Hard .
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