AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 92 Topic 10 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 92 Topic 10 Discussion

CWM_LEVEL_2 Exam Topic 10 Question 92 Discussion:
Question #: 92
Topic #: 10

Section B (2 Mark)

How much total principal is repaid between the 1st and 17th payment interval of a 4.5-year loan for Rs 4567 at an interest rate of 7.44% compounded monthly. The payments are also monthly.


A.

Rs. 1297.33


B.

Rs. 1277.06


C.

Rs. 1205.60


D.

Rs. 1465.01


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