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AAFM Exam GLO_CWM_LVL_1 Topic 2 Question 89 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 89
Topic #: 2

[All GLO_CWM_LVL_1 Questions]

Dhruv contributes Rs. 25,000 every year starting from the beginning of the 4th year from today till the begning of 12th year in the account that gives a ROI of 11.40% p.a. compounded half yearly. Calculate the Present Value of his contribution today.

A96522

B107840

C97907.72

D101452

Show Suggested Answer

Suggested Answer: B

by Tambra at Sep 19, 2024, 12:34 PM

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Trina

24 days ago

I'm just going to close my eyes and pick an answer. It's not like I'm going to get this one right anyway.

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Aretha

26 days ago

Option A? Really? I think the person who wrote this question must have been on some sort of strange financial elixir.

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Natalie

27 days ago

This is the kind of question that keeps me up at night! I'm going to have to really crunch the numbers on this one.

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Deeann

1 months ago

I don't know, this question seems a little too complex for my liking. Maybe I'll just skip it and hope for the best on the rest of the exam.

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Tess

6 days ago

Let's try to work through it together, we can figure it out.

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Isabelle

14 days ago

I think the formula for present value of annuity can solve this.

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Corinne

20 days ago

Don't worry, I can help you break it down step by step.

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Sylvie

1 months ago

I'm not sure, but I think it might be D) 101452 based on the interest rate.

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Gearldine

1 months ago

Hmm, I'm not so sure about that. I think I might go with option C, the math just seems to work out better.

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Ethan

18 days ago

Let's go with option C then.

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Nicolette

21 days ago

I agree, the math does seem to work out better with option C.

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Kris

30 days ago

I think option C is the correct answer.

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Delmy

1 months ago

I believe it's C) 97907.72 because of the compounding effect.

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Sunshine

1 months ago

I think the answer is A) 96522.

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Alease

2 months ago

Wow, that's a tough one! I'm going to go with option B, it just seems like the most logical answer to me.

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Pedro

1 months ago

I agree, option B does seem like the most logical choice.

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Isreal

2 months ago

I think option B is the correct answer.

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