Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us [email protected]
Menu

Unlimited Access

Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.
Aafm-India Discussions

Exam CWM_LEVEL_1 topic 1 question 56 discussion

Actual exam question from AAFM India's CWM_LEVEL_1
Question #: 56
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. 83,444.81
  • C. Rs. 10,359.14
  • D. Rs. 9,249.24
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
by SABANARA at Sept. 30, 2023, 9:12 p.m.

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Submit Cancel
SPFinancialCoach
6 months, 1 week ago
"D" IS CORRECT ANSWER
upvoted 1 times
...
SABANARA
7 months, 1 week ago
your answer B is wrong. Correct Answer is D ie., Rs.9249.24 is the correct answer.
upvoted 1 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel