AAFM Exam CWM_LEVEL_2 Topic 4 Question 91 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 91
Topic #: 4

[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Rate of 15% p.a compounded annually will be equal to ---------------- % per month.

A1.25% per month

B1.7149% per month

C1.17149% per month

D1.117% per month

Show Suggested Answer

Suggested Answer: A

by Marilynn at Sep 13, 2024, 04:09 PM

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21 days ago

I'm not sure, but I think it's B) 1.7149% per month. I need to double check my calculations.

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22 days ago

I agree with Kirk, because 15% divided by 12 months is around 1.25%.

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24 days ago

I think it's A) 1.25% per month.

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