- 1 Marks
Question
What is the present value of N10 million in 8 years, if money could be deposited at 6.5% compounded quarterly?
A. N15.73 million
B. N16.75 million
C. N17.73 million
D. N18.75 million
E. N19.46 million
Answer
Answer: B. N16.75 million
Explanation:
- Tags: Compound Interest, Present Value
- Level: Level 1
- Topic: Basics of Business Finance and Financial Markets
- Series: NOV 2019
- Uploader: Dotse