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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 18 Topic 2 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 18 Topic 2 Discussion

GLO_CWM_LVL_1 Exam Topic 2 Question 18 Discussion:
Question #: 18
Topic #: 2

Roger deposits Rs. 10,00,000 in a bank account on 1st March 2005 and another Rs. 5,00,000 on 1st March 2011. He wants to withdraw all of this money with interest on 1st March 2015. If the account pays ROI of 11% P.A. compounded quarterly what amount can he withdraw from this account?


A.

2959874


B.

771755


C.

3731629


D.

3598455


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