AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 280 Topic 29 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 280 Topic 29 Discussion

GLO_CWM_LVL_1 Exam Topic 29 Question 280 Discussion:
Question #: 280
Topic #: 29

A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?


A.

Rs. 22898.12


B.

Rs. 22620.63


C.

C.Rs. 23456.78


D.

D.Rs. 22124.95


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