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AAFM Exam CWM_LEVEL_2 Topic 1 Question 19 Discussion
Actual exam question for
AAFM's
CWM_LEVEL_2 exam
Question #: 19
Topic #: 1
[All CWM_LEVEL_2 Questions]
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.
Suggested Answer:
C
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