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AAFM Exam CWM_LEVEL_2 Topic 3 Question 44 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 44
Topic #: 3
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Vinay wants to have 80% of the desired retirement corpus from his monthly savings from now itself. If he expects to earn 12% p.a. on these savings, how much amount should the couple save at the end of each month to achieve this target?

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Suggested Answer: C

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