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AAFM Exam GLO_CWM_LVL_1 Topic 7 Question 70 Discussion
Actual exam question for
AAFM's
GLO_CWM_LVL_1 exam
Question #: 70
Topic #: 7
[All GLO_CWM_LVL_1 Questions]
Topic #: 7
You want to take a trip overseas which costs Rs. 10 lacs. The cost is expected to remain unchanged in nominal terms. You can save annually Rs. 50000 to fulfill the desire. How long will you have to wait if your savings earn an interest rate of 12%?
Suggested Answer:
A
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