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AAFM Exam CWM_LEVEL_2 Topic 1 Question 63 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 63
Topic #: 1
[All CWM_LEVEL_2 Questions]

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?

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Suggested Answer: B

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

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Isaiah
2 months ago
Hey, Pallavi's getting married, but the real question is: will the marriage last as long as the debt fund investment? Just a thought!
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Rory
9 days ago
D) Rs. 3,45,458 Rs. 11,363
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Glendora
12 days ago
I hope Pallavi's marriage lasts longer than the debt fund investment!
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Eden
18 days ago
A) Rs. 2,27,367 Rs. 7,663
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Ryan
2 months ago
Hmm, let me see. Ah, I think I've got it! The additional amount required is Rs. 6,00,000, and at 8% p.a. compounding monthly, the monthly savings needed is Rs. 8,615. Looks like option C is the winner!
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William
2 months ago
Whoa, this is like a finance riddle! I bet the answer is option C, it just looks right to me. But I should probably double-check my work just to be sure.
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Tresa
12 days ago
User 3: I'm not sure, but I'll go with option C as well. It seems like the most logical answer.
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Azzie
20 days ago
User 2: Yeah, I agree. Let's double-check our calculations just to be safe.
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Rosendo
1 months ago
User 3: Good idea, let's go over the numbers one more time just to be safe.
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Ben
1 months ago
User 2: Yeah, I agree. But let's make sure we double-check our calculations before finalizing our answer.
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Ahmed
2 months ago
User 1: I think the answer is option C too, it seems like the most reasonable choice.
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Kami
2 months ago
User 1: I think the answer is option C too, it seems like the most reasonable choice.
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Gail
2 months ago
Okay, I think I got this. The expected cost is Rs. 24,00,000, and the realized amount from the flat is Rs. 18,00,000. So the additional amount required is Rs. 6,00,000. Now to find the monthly savings at 8% p.a. compounding monthly, I just need to use the PV formula.
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Willodean
2 months 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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Willard
6 days ago
I'm not sure if this option is the best choice for me.
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Tanja
7 days ago
D) Rs. 3,45,458 Rs. 11,363
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Sherita
8 days ago
This option looks like it could work for me.
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Twanna
9 days ago
C) Rs. 4,12,245 Rs. 8,615
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Bettina
10 days ago
I think this option might be too high for my budget.
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Cyndy
11 days ago
B) Rs. 3,83,365 Rs. 9,815
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Georgeanna
12 days ago
Hmm, this seems like a reasonable option to consider.
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Naomi
13 days ago
A) Rs. 2,27,367 Rs. 7,663
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Veronica
25 days ago
No, I believe it's A) Rs. 2,27,367 Rs. 7,663
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Martha
1 months ago
B) Rs. 3,83,365 Rs. 9,815
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Kristofer
2 months ago
I think the answer is A) Rs. 2,27,367 Rs. 7,663
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Tiffiny
2 months ago
A) Rs. 2,27,367 Rs. 7,663
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Jenelle
2 months ago
B) Rs. 3,83,365 Rs. 9,815
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Daren
2 months ago
A) Rs. 2,27,367 Rs. 7,663
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Carman
3 months ago
I see your point, but I still think A) is the correct answer because of the compounding monthly interest rate.
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Chauncey
3 months ago
I disagree, I believe the answer is C) Rs. 4,12,245 Rs. 8,615.
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Carman
3 months ago
I think the answer is A) Rs. 2,27,367 Rs. 7,663.
upvoted 0 times
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