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AAFM CWM_LEVEL_2 Exam - Topic 7 Question 48 Discussion

Section C (4 Mark)Read the senario and answer to the question.If Mahesh extends his retirement age to 65, what is the annual saving required in the beginning of every year if his post retirement expenses are 85% of his pre-retirement expenses?
A) Rs. 3209
B) Rs. 35524
C) Rs. 42447
D) Rs. 21361

AAFM CWM_LEVEL_2 Exam - Topic 7 Question 48 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 48
Topic #: 7
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

If Mahesh extends his retirement age to 65, what is the annual saving required in the beginning of every year if his post retirement expenses are 85% of his pre-retirement expenses?

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Suggested Answer: A

by Penney at Sep 19, 2022, 04:12 AM

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Sunshine
7 months ago
Are we sure about these numbers?
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Ammie
7 months ago
Surprised by how much you need to save!
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Cherelle
8 months ago
No way, Rs. 3209 seems too low!
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James
8 months ago
I think Rs. 42447 sounds about right.
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Bette
8 months ago
Gotta save a lot for retirement!
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Quinn
8 months ago
I feel like I should choose option C, but I’m not entirely confident. I hope I remember the calculations correctly!
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Paola
8 months ago
I practiced a question where we had to find annual savings based on a percentage of expenses, but I can’t recall the exact formula we used.
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Sharee
8 months ago
I think the key is to calculate Mahesh's pre-retirement expenses first, then find 85% of that for post-retirement. But I’m a bit confused about how to factor in the years until retirement.
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Ligia
8 months ago
I remember we did a similar question about retirement savings in class, but I’m not sure how to adjust for the percentage of expenses.
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Daisy
8 months ago
I'm a bit confused on this one. I know the Sprint Backlog is important, but I'm not sure which of these options best describes it. I'll have to think it through carefully.
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Arletta
8 months ago
I'm a bit confused by the wording of the question. Can someone clarify the differences between these program models? I want to make sure I understand the concepts before answering.
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Kristofer
9 months ago
I'm a bit unsure about this one. Should I be enabling the Error Reporting API or creating a Logs Export Sink? I'll need to think this through carefully.
upvoted 0 times
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