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Exam CWM_LEVEL_1 topic 1 question 11 discussion

Actual exam question from AAFM India's CWM_LEVEL_1
Question #: 11
Topic #: 1
[All CWM_LEVEL_1 Questions]

Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target?

  • A. Rs. 11,254.24
  • B. Rs. 15,432.12
  • C. Rs. 10,359.14
  • D. Rs. 9,845.47
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Suggested Answer: D 🗳️
by SABANARA at Nov. 7, 2023, 5:36 a.m.

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JeevanGeorge
6 months, 1 week ago
The correct answer is option C. 10359.14
upvoted 1 times
...
SABANARA
1 year, 1 month ago
your answer is wrong. Correct Answer is Rs.9249.23
upvoted 1 times
...
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