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AAFM Exam CWM_LEVEL_2 Topic 7 Question 96 Discussion
Actual exam question for
AAFM's
CWM_LEVEL_2 exam
Question #: 96
Topic #: 7
[All CWM_LEVEL_2 Questions]
Topic #: 7
Section A (1 Mark)
Mr. Murli is 55 years old at present. He has invested some amount in an annuity which will pay him begining of the 5th year Rs. 30,000/- p.a. at the beginning of every year for 10 years. Rate of interest is 7% p.a. Calculate how much amount he has invested now?
Suggested Answer:
B
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