AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 49 Topic 5 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 49 Topic 5 Discussion

CWM_LEVEL_2 Exam Topic 5 Question 49 Discussion:
Question #: 49
Topic #: 5

Section A (1 Mark)

Vineet invests Rs. 5000/- per month at the beginning of the month for 10 years in Recurring Deposit account that pays 8.5% p.a interest compounded quarterly. What will be the accumulated amount in his account.


A.

944149.33


B.

939154.12


C.

899143.23


D.

99123.43


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