AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 67 Topic 7 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 67 Topic 7 Discussion

CWM_LEVEL_2 Exam Topic 7 Question 67 Discussion:
Question #: 67
Topic #: 7

Section B (2 Mark)

Manav wishes to calculate that if he wants to withdraw Rs. 2,000/- every Quarter at start of the month for 6 years, then how much amount is required to be in his account today. He wants to start this withdrawal immediately and ROI is 9 % per annum compounded quarterly.


A.

36987.34


B.

37605.57


C.

34598.98


D.

44378.98


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