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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
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Suggested Answer: B 🗳️
by SABANARA at Sept. 30, 2023, 9:12 p.m.

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SPFinancialCoach
1 year, 1 month ago
"D" IS CORRECT ANSWER
upvoted 1 times
...
SABANARA
1 year, 2 months ago
your answer B is wrong. Correct Answer is D ie., Rs.9249.24 is the correct answer.
upvoted 1 times
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