CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 29 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 29
Topic #: 1

A client agrees to invest S100,000 three years from now in a business project, and decides to deposit funds today in a bank account that pays 6 percent compound interest annually.

How much does the client need to deposit in order to be able invest $100,000 in three years time?

A$82,000

B$83,961.93

C$119101.6

D$83,748.43

Show Suggested Answer

Suggested Answer: D

by Carma at May 09, 2022, 05:58 PM

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