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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 12 Topic 2 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 12 Topic 2 Discussion

GLO_CWM_LVL_1 Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

Alok a 28 years old person has joined SABH on 1/07/2006. His monthly salary (net salary) after deduction is payable Rs. 22500/. His monthly expenses details are as follows:

GLO_CWM_LVL_1 Question 12

Assume Alok takes a flat on rent from 01 /07/2006. On 01 /07/2006 he has cash in hand Rs. 1450/-. He starts paying insurance premium from October @ Rs. 2500/- pm. His investments in Mutual fund SIP are Rs. 3000/- pm for a 6 month period. What will be his cash in hand on 31/03/2007.?


A.

Rs.72150/-


B.

Rs.83150/


C.

Rs.69070/-


D.

None of the above


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