AAFM Exam CWM_LEVEL_2 Topic 2 Question 56 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 56
Topic #: 2

Section A (1 Mark)

You buy a investment plan by investing Rs. 5000/- per month for first 12years if the investment pays Rs. 5000 for the next 12 years and the rate of interest is 15% per annum compounded monthly. How much amount would you have after 24 years?

A9930225

B9910232

C9802747

D9716362

Show Suggested Answer

Suggested Answer: C

by Arminda at Feb 28, 2023, 07:07 AM

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Virgina

10 hours ago

I think the answer is A) 9930225.

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