AAFM Exam GLO_CWM_LVL_1 Topic 2 Question 63 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 63
Topic #: 2

You want to take a trip overseas which costs Rs. 10 lacs. The cost is expected to remain unchanged in nominal terms. You can save annually Rs. 50000 to fulfill the desire. How long will you have to wait if your savings earn an interest rate of 12%?

A10.79 years

B11.00 years

C11.23 years

D10.99 years

Show Suggested Answer

Suggested Answer: A

by Alaine at Jul 09, 2023, 07:19 PM

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