AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 170 Topic 18 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 170 Topic 18 Discussion

GLO_CWM_LVL_1 Exam Topic 18 Question 170 Discussion:
Question #: 170
Topic #: 18

Savitri is 30 years old. She saves Rs. 14,000/- p.a. (year end) in FD 8.75% p.a. compounded annually until she retires at age 58. Her life expectancy is 80 years. What would be her corpus at the time of retirement? What is the fixed amount she can withdraw at the beginning of each year, until age 80, in case she wishes to exhaust the whole corpus? Inflation is 5%.


A.

Rs. 13,68,748/-, Rs. 87,498/-


B.

Rs. 14,96,855/-, Rs. 1,37,767/-


C.

Rs. 15,15,481/-, Rs. 97,145/-


D.

Rs. 14,24,894/-, Rs. 89,458/-


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