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CWM_LEVEL_2 Exam Dumps : Chartered Wealth Manager (CWM) Certification Level II Examination

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Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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Question 1

Section A (1 Mark)

You buy a investment plan by investing Rs. 6000/- per month for first 12years and Rs. 11000/- per month for next 12 years. If the rate of interest is 15% per annum compounded monthly . How much amount would you have after 24 years?

Options:

A.

18876542

B.

2391612

C.

18692506

D.

18954240

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Question 2

Section A (1 Mark)

In a life insurance contract, offer refers to

Options:

A.

Proposer paying the first premium

B.

Proposer’s application form for insurance

C.

Original policy bond

D.

Company brochure duly authenticated

Question 3

Section B (2 Mark)

You borrowed Rs8500, with the understanding that you are to make monthly payments over 36 months. Interest is charged at 7% compounded monthly. If you were to increase your payments by Rs20 per month, how much less time would it take you to pay back the loan?

Options:

A.

2.49 months

B.

2.81 months

C.

3.28 months

D.

1.55 months

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