AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 190 Topic 20 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 190 Topic 20 Discussion

CWM_LEVEL_2 Exam Topic 20 Question 190 Discussion:
Question #: 190
Topic #: 20

Section B (2 Mark)

How much interest is paid in total on a 3-year loan for Rs27 400? The interest rate is 8.6% compounded monthly and the payments are monthly?


A.

Rs. 3783.95


B.

Rs. 3562.05


C.

Rs. 3587.58


D.

Rs. 62 017.62


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