AAFM Exam CWM_LEVEL_2 Topic 1 Question 63 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 63
Topic #: 1

Section C (4 Mark)

Read the senario and answer to the question.

Pallavi's marriage is expected by the end of December, 2010 with an expected present cost of Rs. 24,00,000. He is expected to realize from his Tatanagar Flat 18, 00,000 by that time. Calculate what additional amount is required for his daughter's marriage. With 8% pa. risk free rate compounding monthly what amount he has to save per month (BEGIN) in a debt fund?

ARs. 2,27,367 Rs. 7,663

BRs. 3,83,365 Rs. 9,815

CRs. 4,12,245 Rs. 8,615

DRs. 3,45,458 Rs. 11,363

Show Suggested Answer

Suggested Answer: B

by Jess at Aug 09, 2023, 10:43 AM

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Willodean

8 days ago

Hmm, this is tricky. I need to calculate the additional amount required, and then figure out the monthly savings needed to cover it. Let me think this through carefully.

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