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AAFM GLO_CWM_LVL_1 Exam - Topic 4 Question 28 Discussion

Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% pea for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with monthly contributions in HDFC Top 200 Mutual Fund. You as a CWM expect that the fund would give an average CAGR of 12% in the next 5 years. Please advise Asit the monthly SIP amount starting at the beginning of every month for the next 5 years to fulfill his goal of buying the Car he desires.
B) 18614.48
A) 1495512
C) 20614.48
D) 18311.71

AAFM GLO_CWM_LVL_1 Exam - Topic 4 Question 28 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 28
Topic #: 4
[All GLO_CWM_LVL_1 Questions]

Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% pea for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with monthly contributions in HDFC Top 200 Mutual Fund. You as a CWM expect that the fund would give an average CAGR of 12% in the next 5 years. Please advise Asit the monthly SIP amount starting at the beginning of every month for the next 5 years to fulfill his goal of buying the Car he desires.

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Suggested Answer: B

by Jerry at May 09, 2022, 12:17 AM

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Linwood
10 months ago
Not sure if HDFC Top 200 will deliver that return.
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Scarlet
11 months ago
Definitely need to start saving now, 12% CAGR is solid!
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Cecilia
11 months ago
Wait, is the increase really that high?
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Levi
11 months ago
I think option C sounds about right.
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Cassie
11 months ago
The car will cost around Rs. 14,69,000 after 5 years!
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Vicki
11 months ago
Okay, let me see. I think the key is understanding how the management plane DCN connects to the network elements (NEs). I'll need to review that part of the material.
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Myong
11 months ago
Okay, I've got this. The purpose of a quality auditing program is to provide management with objective feedback, which is option A. That's the best fit based on the information given.
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Belen
11 months ago
I feel pretty confused about this one. I thought it could be consolidated revenue, but now I'm not so sure what the specifics were.
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Boris
11 months ago
This seems pretty straightforward. The question states that the data is copied to a second disk, so the RAID level being used is clearly RAID 1. I'm confident that's the right answer.
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Kaycee
12 months ago
I remember calculating future values, but I'm a bit unsure about the exact formula needed to account for the different growth rates for the car's cost.
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