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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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Sylvie

3 days ago

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

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Gearldine

3 days 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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Delmy

4 days ago

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

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Sunshine

5 days ago

I think the answer is A) 96522.

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Alease

27 days 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

5 days ago

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

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Isreal

22 days ago

I think option B is the correct answer.

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