AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 341 Topic 35 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 341 Topic 35 Discussion

CWM_LEVEL_2 Exam Topic 35 Question 341 Discussion:
Question #: 341
Topic #: 35

Section B (2 Mark)

What is the size of the final unequal payment of a loan for Rs15 600 and it has monthly payments of Rs500? The interest rate is 9.92% compounded quarterly.


A.

Rs. 383.11


B.

Rs. 380.21


C.

Rs. 388.97


D.

Rs. 417.27


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