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AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 8 Discussion

Roger deposits Rs. 10,00,000 in a bank account on 1st March 2005 and another Rs. 5,00,000 on 1st March 2011. He wants to withdraw all of this money with interest on 1st March 2015. If the account pays ROI of 11% P.A. compounded quarterly what amount can he withdraw from this account?
C) 3731629
A) 2959874
B) 771755
D) 3598455

AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 8 Discussion

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

Roger deposits Rs. 10,00,000 in a bank account on 1st March 2005 and another Rs. 5,00,000 on 1st March 2011. He wants to withdraw all of this money with interest on 1st March 2015. If the account pays ROI of 11% P.A. compounded quarterly what amount can he withdraw from this account?

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Suggested Answer: C

by Ruthann at May 06, 2022, 05:07 AM

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Kattie
10 months ago
Just to clarify, that's 10% for the first 6 years and 4 years for the second deposit.
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Vilma
11 months ago
I thought it would be less with quarterly compounding.
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Nu
11 months ago
Wait, are you sure about that? Seems too high!
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Alberto
11 months ago
Totally agree, compounding really boosts the amount.
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Lavera
11 months ago
He'll have about Rs. 3,598,455 with that interest!
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Amber
11 months ago
I'm a bit confused by this question. The image doesn't seem to provide much context, and I'm not entirely familiar with the SEL field in IP addresses. I'll need to do some additional research to feel confident in my answer.
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Martha
11 months ago
This seems like a straightforward question about production control systems. I'll start by reading through the answer choices carefully to see if any of them stand out as the correct term.
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Lennie
11 months ago
I'm a bit confused on this one. I know fixed fee (D) is generally the least risky for the buyer, but I'm not sure which one is the most risky. I'll have to think this through carefully.
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Lauran
12 months ago
Hmm, this one seems tricky. I'll need to think carefully about the performance implications of creating a non-unique index.
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