AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 290 Topic 30 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 290 Topic 30 Discussion

CWM_LEVEL_2 Exam Topic 30 Question 290 Discussion:
Question #: 290
Topic #: 30

Section B (2 Mark)

How much principal is repaid in the 77th payment interval on a RS 147 000 25-year mortgage if the mortgage is amortized over 20 years and the payments are monthly with rate of interest being 7.2% compounded monthly?


A.

Rs. 552.32


B.

Rs. 278.65


C.

Rs. 276.98


D.

Rs. 275.33


Get Premium CWM_LEVEL_2 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.