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AAFM CWM_LEVEL_2 Exam - Topic 5 Question 97 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 97
Topic #: 5
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Approximately how much amount she must sacrifice to provide the income stream for her mother?

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Suggested Answer: B

by Jolanda at Feb 06, 2025, 05:14 PM

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Lawanda
5 months ago
Not sure about that, could it really be that much?
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Carri
5 months ago
Rs. 22,68,460 is a solid estimate too.
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Alishia
5 months ago
Wait, Rs. 24,24,850? That seems way too high!
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Fernanda
6 months ago
Definitely agree, B seems right!
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Aretha
6 months ago
I think it's around Rs. 20,62,270.
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Dorcas
6 months ago
I vaguely remember that Rs. 22,68,460 seemed to be a common answer in our practice tests, but I could be mixing it up with another question.
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Jettie
6 months ago
I feel like I might be overthinking this. The numbers seem close, and I can't recall the exact formula we used.
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Devon
6 months ago
I think we practiced a similar question where we had to determine the sacrifice amount based on different income needs. I might lean towards option B.
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Regenia
7 months ago
I remember we discussed how to calculate the present value of an income stream, but I'm not sure about the exact figures here.
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Tegan
7 months ago
I'm a bit confused by the wording of the question. What exactly do they mean by "sacrifice"? Is that the same as the amount she needs to invest or give up? I'll have to clarify that before I can answer.
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Wenona
7 months ago
Okay, I think I've got this. I just need to figure out the income stream required for her mother and then calculate the present value of that stream. That should give me the amount she needs to sacrifice.
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Tamra
7 months ago
Hmm, the question is a bit vague. I'm not sure exactly what information I need to calculate the amount she needs to sacrifice. I'll have to think through the problem step-by-step.
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Denise
7 months ago
This looks like a finance or investment-related question. I'll need to carefully read the scenario and understand the key details before attempting to solve it.
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Ronna
1 year ago
Just throw a dart at the options, that's how I usually do these questions. Wait, is that not how it's supposed to work?
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Darnell
1 year ago
B) Rs. 20,62,270
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Alfred
1 year ago
A) Rs. 19,56,380
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Ines
1 year ago
I usually just go with my gut feeling, so I'll pick C) Rs. 22,68,460
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Hollis
1 year ago
I think it's B) Rs. 20,62,270
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Naomi
1 year ago
Ah, tricky one! I'd say D. Rs. 24,24,850. Gotta account for those hidden fees, you know?
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Loise
1 year ago
Hmm, I'm not sure. B seems a bit too low, and D seems a bit too high. I'll go with C just to be safe.
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Marci
1 year ago
C it is then, let's see if we're right.
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Velda
1 year ago
I'm going with C as well.
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Roy
1 year ago
I agree, C seems like a safe choice.
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Marisha
1 year ago
I think C is the right answer.
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Dante
1 year ago
I think the answer is C. Rs. 22,68,460. It seems the most reasonable amount based on the information provided.
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Lucy
1 year ago
I calculated it again, and I think you are right. Option C is the correct answer.
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Marylyn
1 year ago
I'm not sure, but I think it might be option D. Rs. 24,24,850.
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Brock
1 year ago
I agree with you, option C does seem like the correct answer.
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Lea
1 year ago
I think the answer is C. Rs. 22,68,460. It seems the most reasonable amount based on the information provided.
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Tomoko
1 year ago
I'm not sure, but I think the answer might be C) Rs. 22,68,460. It seems like a reasonable amount to provide a steady income stream.
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Paris
1 year ago
I agree with Renato, because the scenario mentioned a specific amount that needs to be sacrificed.
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Renato
1 year ago
I think the answer is B) Rs. 20,62,270.
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