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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 22 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 22
Topic #: 8
[All GLO_CWM_LVL_1 Questions]

Yogesh Jain is a Chartered Accountant by profession and a very disciplined investor he has started investing from today in an account Rs. 1,00,000 every year (beginning of year) and plans to increase his contribution by 10% every year. If the ROI he gets is 15% per annum compounded half yearly calculate the corpus he would be able to accumulate in 25 years.?

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Suggested Answer: B

by Whitley at May 04, 2022, 09:27 AM

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Effie
1 month ago
15% ROI is pretty optimistic, but I like it!
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Karma
2 months ago
Wait, can he really accumulate that much in 25 years?
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Trinidad
2 months ago
Looks like a solid investment plan!
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Temeka
2 months ago
}
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Veda
2 months ago
]
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Marilynn
2 months ago
"There was a similar problem: FV of a growing annuity due formula roughly FV ≈ P * [((1+r)^n - (1+g)^n)/(r - g)] * (1+r); for due you multiply by (1+r)."
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Lacresha
2 months ago
{
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Marya
3 months ago
},
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Veda
3 months ago
I think option C might be more realistic.
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Gladys
3 months ago
I'm going with option B, seems right.
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Derrick
3 months ago
}
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Marilynn
3 months ago
"Not sure whether I should convert everything to an annual effective rate or keep the half-year periods for 25 years."
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Donette
4 months ago
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Jacqueline
4 months ago
},
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Marilynn
4 months ago
"In practice questions I recall using r as the per period rate and g as the growth rate; here r would be 7.5% per half year if we stick to semiannual."
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Kenneth
4 months ago
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Marcelle
4 months ago
},
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Marilynn
5 months ago
"This looks like a growing annuity due with semiannual compounding; payments at the start of each year."
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Wayne
5 months ago
{
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Franklyn
5 months ago
[
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Gracia
5 months ago
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Clarinda
5 months ago
I'm pretty confident I know the answer to this. The frame should egress 1/1/1:6.7 with VLAN tag 6.
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Jarvis
5 months ago
Okay, I've got an idea. Since the BRMs believe the initiative has been successful, a benefits realization review seems like the most direct way to demonstrate that. It would allow them to systematically assess the outcomes and benefits achieved, which is exactly what the question is asking for.
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Maira
5 months ago
Okay, I think the Web Security Appliance might be the best choice here. It's designed for web traffic monitoring and analysis, which could be useful for fetching logs and generating events from a proxy server.
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Marleen
5 months ago
Option C, not implementing the letter of credit, seems like the safest choice to avoid any potential issues with the boycott. Better to err on the side of caution in a situation like this.
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