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AAFM GLO_CWM_LVL_1 Exam - Topic 2 Question 13 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 13
Topic #: 2
[All GLO_CWM_LVL_1 Questions]

Dhruv contributes Rs. 25,000 every year starting from the beginning of the 4th year from today till the begning of 12th year in the account that gives a ROI of 11.40% p.a. compounded half yearly. Calculate the Present Value of his contribution today.

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Suggested Answer: B

by Joesph at May 03, 2022, 02:43 PM

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Charisse
2 months ago
I thought it would be higher, but maybe I need to double-check my math.
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Bettina
2 months ago
Definitely leaning towards option C, looks right to me!
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Reuben
2 months ago
Wait, how does compounding half-yearly affect the total?
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Evangelina
3 months ago
The ROI is pretty solid at 11.40%!
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Christoper
3 months ago
Dhruv's contributions are for 8 years, starting from year 4.
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Vivienne
3 months ago
]
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Chi
3 months ago
}
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Micheline
3 months ago
"I’m not sure about the exact PV yet, but similar questions usually land around Rs 107,8xx."
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Emelda
4 months ago
"Candidate 4",
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Geraldine
4 months ago
},
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Micheline
4 months ago
"Convert semiannual rate: i_eff = (1 + 0.114/2)^2 − 1 ≈ 0.117249."
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Eleonore
4 months ago
{
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Emelda
4 months ago
"Candidate 3",
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Elenore
5 months ago
{
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Carmela
5 months ago
}
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Jolanda
5 months ago
},
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Micheline
5 months ago
"That’s 9 payments of 25,000."
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Emelda
5 months ago
"Candidate 2",
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Kimberlie
6 months ago
{
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Yan
6 months ago
},
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Micheline
6 months ago
"Treat it as an annuity due—payments at the starts of years 4 to 12."
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Emelda
6 months ago
"Candidate 1",
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Cortney
6 months ago
{
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Nickole
6 months ago
[
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Hoa
7 months ago
{
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Suzi
7 months ago
The namespace is already provided, so I just need to make sure I create the Pod in the right place. Let me review the steps to do that properly.
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Cora
7 months ago
I'm a bit unsure on this one. I know the qualitative risk analysis process involves several techniques, but I can't quite recall if Risk Reassessment is one of them. I'll have to review my notes to be sure.
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Steffanie
7 months ago
Okay, let me break this down. The application receives data from outside the boundary and saves it in the Reporting Data file. The User Account file is also mentioned. I think the key is identifying the data functions based on this information.
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