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AAFM CWM_LEVEL_2 Exam - Topic 6 Question 78 Discussion

Section C (4 Mark)Read the senario and answer to the question.If Mr. Mehta is paying interest rate 12%p.a on his housing loan and 10% p.a. on car loans, in how many months would he pay off his housing loan and car loan?
B) House loan-540 month, Car Loan-318 months
A) House loan-321 month, Car Loan-129 months
C) House loan-342 month, Car Loan-249 months
D) House loan-432 month, Car Loan-429 months

AAFM CWM_LEVEL_2 Exam - Topic 6 Question 78 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 78
Topic #: 6
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

If Mr. Mehta is paying interest rate 12%p.a on his housing loan and 10% p.a. on car loans, in how many months would he pay off his housing loan and car loan?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Isreal at May 20, 2024, 12:54 AM

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Kris
9 months ago
Wait, how did they even come up with those numbers?
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Lavonna
10 months ago
Totally agree with Bethanie, option A makes sense!
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Telma
10 months ago
540 months for a house loan? That seems way too long!
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Glory
10 months ago
I think option C is more realistic.
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Bethanie
10 months ago
House loan-321 months sounds about right.
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Joanna
11 months ago
I recall that housing loans typically take longer to pay off than car loans, so maybe option A could be correct?
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Dexter
11 months ago
I’m leaning towards option C, but I’m a bit unsure about the calculations for the housing loan.
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Shawnda
11 months ago
I think the interest rates play a big role in how long it takes to pay off each loan. I feel like I’ve seen similar questions before.
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Lorean
11 months ago
I remember we practiced calculating loan durations, but I’m not sure if I got the formulas right for this one.
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Desire
11 months ago
This seems straightforward enough. I'll start by calculating the monthly payments for each loan, then use that to determine the total number of months required to pay them off. Shouldn't be too difficult.
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Jimmie
11 months ago
Wait, I'm a little confused. Do I need to calculate the total amount paid or just the number of months? I want to make sure I understand the question fully before attempting to solve it.
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Glenn
11 months ago
Okay, I think I can handle this. It's just a matter of plugging in the interest rates and time periods to find the total months for each loan.
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Loreta
11 months ago
Hmm, this looks like a math problem involving loan repayment calculations. I'll need to think through the formulas and variables carefully to solve this.
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Sophia
11 months ago
No problem, I've got this. The key is to use the correct formula for each loan based on the given interest rates. I'll work through it step-by-step to make sure I get the right answer.
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Gladys
11 months ago
Yes, I agree with James. The NAT gateway approach seems like the best fit for the requirements outlined in the question. It provides the necessary control and security, while likely requiring the least ongoing operational overhead compared to the other options.
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Dorthy
11 months ago
The "stats" command is definitely the way to go here. It's designed specifically for aggregating and grouping data, and it's optimized for performance in large Splunk environments. I feel confident that this is the right answer.
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Nikita
2 years ago
I don't know about you, but I'd be looking for a new car if I had to pay that off in over 20 years. That's just painful.
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Floyd
2 years ago
Wait, did they really give us the option to pay off the house loan in like 27 years? That's just cruel.
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Veda
2 years ago
C) House loan-342 month, Car Loan-249 months
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Freeman
2 years ago
B) House loan-540 month, Car Loan-318 months
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Raul
2 years ago
A) House loan-321 month, Car Loan-129 months
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Keneth
2 years ago
Oof, that's a lot of months to pay off those loans! I hope Mr. Mehta has a really long lifespan to see it through.
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Casie
2 years ago
User2
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Vashti
2 years ago
Hopefully Mr. Mehta has a good plan in place to tackle those loans.
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Michel
2 years ago
User1
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Nieves
2 years ago
I know, it's going to take forever to pay off both loans.
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Shonda
2 years ago
Yeah, those interest rates are no joke.
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Carey
2 years ago
B) House loan-540 month, Car Loan-318 months
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Val
2 years ago
A) House loan-321 month, Car Loan-129 months
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