Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AAFM Exam CWM_LEVEL_2 Topic 6 Question 78 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 78
Topic #: 6
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

If Mr. Mehta is paying interest rate 12%p.a on his housing loan and 10% p.a. on car loans, in how many months would he pay off his housing loan and car loan?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Isreal at May 20, 2024, 12:54 AM

Limited Time Offer

25%

Off

Get Premium CWM_LEVEL_2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Nikita
4 months ago
I don't know about you, but I'd be looking for a new car if I had to pay that off in over 20 years. That's just painful.
upvoted 0 times
...
Floyd
4 months ago
Wait, did they really give us the option to pay off the house loan in like 27 years? That's just cruel.
upvoted 0 times
Veda
3 months ago
C) House loan-342 month, Car Loan-249 months
upvoted 0 times
...
Freeman
3 months ago
B) House loan-540 month, Car Loan-318 months
upvoted 0 times
...
Raul
4 months ago
A) House loan-321 month, Car Loan-129 months
upvoted 0 times
...
...
Keneth
4 months ago
Oof, that's a lot of months to pay off those loans! I hope Mr. Mehta has a really long lifespan to see it through.
upvoted 0 times
Casie
3 months ago
User2
upvoted 0 times
...
Vashti
3 months ago
User 3: Hopefully Mr. Mehta has a good plan in place to tackle those loans.
upvoted 0 times
...
Michel
3 months ago
User1
upvoted 0 times
...
Nieves
4 months ago
User 2: I know, it's going to take forever to pay off both loans.
upvoted 0 times
...
Shonda
4 months ago
User 1: Yeah, those interest rates are no joke.
upvoted 0 times
...
Carey
4 months ago
B) House loan-540 month, Car Loan-318 months
upvoted 0 times
...
Val
4 months ago
A) House loan-321 month, Car Loan-129 months
upvoted 0 times
...
...

Save Cancel