AAFM CWM_LEVEL_2 Exam - Topic 1 Question 19 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 19
Topic #: 1

Section C (4 Mark)

Read the senario and answer to the question.

Mr. Bhatia thinks he would require 50 lacs in today's terms for Neena's wedding at 25 years of age. What amount he has to save at the end of every month for Neena's wedding requirement with a 7% inflation rate and investment earning minimum 12% p.a.

ARs. 25,389

BRs. 24,315

CRs. 25,643

DRs. 26,956

Show Suggested Answer

Suggested Answer: C

by Dominque at May 09, 2022, 01:16 AM

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Tawna

10 months ago

Not sure about those numbers, seems off to me.

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Noah

11 months ago

Wait, how does inflation affect this calculation?

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Krystina

11 months ago

Rs. 26,956? That's way too high!

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Gregoria

11 months ago

I think Rs. 24,315 sounds more reasonable.

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Larae

11 months ago

Looks like Rs. 25,389 is the right answer!

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Craig

11 months ago

Hmm, I'm not sure about this one. The options don't seem to match up with the information provided. I'll have to think this through carefully.

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Daryl

12 months ago

Candidate 2: Iâ€™m uncertain whether to adjust first for inflation or use a straight nominal returnâ€”practice had both twists.

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