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AAFM Exam GLO_CWM_LVL_1 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]
Topic #: 8
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.?
Suggested Answer:
B
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