PRMIA Exam 8002 Topic 1 Question 3 Discussion

Actual exam question for PRMIA's 8002 exam

Question #: 3
Topic #: 1

You invest $100 000 for 3 years at a continuously compounded rate of 3%. At the end of 3 years, you redeem the investment. Taxes of 22% are applied at the time of redemption. What is your approximate after-tax profit from the investment, rounded to $10?

A$9420

B$7350

C$7230

D$7100

Show Suggested Answer

Suggested Answer: B

by Pamella at May 04, 2022, 01:17 AM

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