AAFM Exam CWM_LEVEL_2 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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Darell

2 months 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

19 days ago

I'm leaning towards D) 9716362

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Kristin

29 days ago

I believe it's C) 9802747

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Hollis

1 months ago

I think the answer is A) 9930225

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Mila

2 months 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

20 days ago

C) 9802747

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Lauran

1 months ago

B) 9910232

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Lynelle

1 months ago

A) 9930225

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Martha

2 months ago

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

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Adela

2 months ago

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

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Aliza

2 months 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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