AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 34 Topic 4 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 34 Topic 4 Discussion

CWM_LEVEL_2 Exam Topic 4 Question 34 Discussion:
Question #: 34
Topic #: 4

Section B (2 Mark)

Mansi needs Rs. 25,000/-, 5 years from now. She would like to make equal payments at the Begin of each year from now onwards into an account that yields annual ROI @ 7 % per annum. What should be her annual payments?


A.

6023.43


B.

4050.23


C.

4093.43


D.

4062.87


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