AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 189 Topic 19 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 189 Topic 19 Discussion

GLO_CWM_LVL_1 Exam Topic 19 Question 189 Discussion:
Question #: 189
Topic #: 19

Mr. Kumar is a 40 year old NRI working abroad for past 5years. He invests Rs. 50, 000/- p.a. for past 5 years and wants to continue until his return to India. He plans to return to India after 10 years from now and enjoy his life back home. Inflation is expected to be 4% for next 30 years and his investment earns 6% interest. His expected life expectancy is 70 years. What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses?


A.

Rs. 12,14,279/- and Rs. 6,358


B.

Rs. 11,63,798/- and Rs. 5,845


C.

Rs. 13,12,008/- and Rs. 7,008


D.

Rs. 12,14,279/- and Rs. 9,554


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