AAFM CWM_LEVEL_2 Exam - Topic 2 Question 56 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 56
Topic #: 2

Section A (1 Mark)

You buy a investment plan by investing Rs. 5000/- per month for first 12years if the investment pays Rs. 5000 for the next 12 years and the rate of interest is 15% per annum compounded monthly. How much amount would you have after 24 years?

A9930225

B9910232

C9802747

D9716362

Show Suggested Answer

Suggested Answer: C

by Arminda at Feb 28, 2023, 07:07 AM

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Lashon

7 months ago

I disagree, I think it’s closer to B.

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My

7 months ago

Compounding at 15% really adds up, but I’m not sure about the final amount.

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Barrett

8 months ago

Wait, how does it grow that much? Sounds too good to be true.

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Rodolfo

8 months ago

I think the answer is A, seems right to me!

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Omega

8 months ago

The total investment is Rs. 1,200,000 over 12 years.

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Avery

8 months ago

I think the key is to calculate the total amount after the first 12 years and then see how it grows in the next 12 years. But I can't recall the exact steps!

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Deonna

8 months ago

I feel a bit confused about the two different periods of investment and payout. Do we just treat them separately?

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Josefa

8 months ago

This question is similar to one we practiced where we had to calculate the future value of an annuity. I think I need to use the formula for that.

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Verda

8 months ago

I remember something about future value calculations, but I'm not sure how to apply it here with the monthly compounding.

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Lyda

8 months ago

I've got this! The Portfolio Kanban is part of the Lean Portfolio Management process, so that's the correct answer. Confident on this one.

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Aleisha

8 months ago

This question seems straightforward, I think I can handle it.

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Corrina

8 months ago

Hmm, I'm not sure about this one. I was thinking maybe B, using File.Name contains PDF, but that doesn't seem quite right. I'll have to think it through a bit more.

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Darell

1 year ago

Alright, time to put on my thinking cap and tackle this investment puzzle. I wonder if there's a secret cheat code I can use to get the right answer.

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Ettie

1 year ago

I'm leaning towards D) 9716362

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Kristin

1 year ago

I believe it's C) 9802747

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Hollis

1 year ago

I think the answer is A) 9930225

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Mila

1 year ago

Ah, the joys of investment planning! This question is like a financial treasure hunt, and I'm ready to dig in and find the buried treasure.

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Viva

1 year ago

C) 9802747

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Lauran

1 year ago

B) 9910232

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Lynelle

1 year ago

A) 9930225

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Martha

1 year ago

I'm not sure, but I think I would go with A) 9930225 as well.

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Adela

1 year ago

I agree with Virgina, because the investment plan has a high rate of interest.

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Aliza

1 year ago

Hmm, let's see... 15% per annum compounded monthly? That's like a financial riddle wrapped in an enigma. I need to dust off my old financial calculator for this one.

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