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AAFM GLO_CWM_LVL_1 Exam - Topic 5 Question 16 Discussion

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?
B) Rs. 11,63,798/- and Rs. 5,845
A) Rs. 12,14,279/- and Rs. 6,358
C) Rs. 13,12,008/- and Rs. 7,008
D) Rs. 12,14,279/- and Rs. 9,554

AAFM GLO_CWM_LVL_1 Exam - Topic 5 Question 16 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 16
Topic #: 5
[All GLO_CWM_LVL_1 Questions]

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?

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Suggested Answer: B

by Alecia at May 04, 2022, 03:22 PM

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Winfred
9 months ago
How did they calculate the corpus? Seems off.
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Alita
9 months ago
Agree with A, those numbers add up nicely!
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Louann
9 months ago
Wait, can he really withdraw that much?
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Francesco
9 months ago
I think option C seems too high.
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Refugia
10 months ago
Looks like option A is the best bet!
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Barb
10 months ago
I'm a bit confused by this question. The diagram doesn't seem to clearly label the devices, so I'll need to think through the functionality of each one to determine the router.
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Jimmie
10 months ago
I'm a bit confused on the difference between peering and sharing subnets across networks. I'll need to double-check that before answering.
upvoted 0 times
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Brandon
10 months ago
Looks like a compound interest problem with inflation adjustment. I'll first calculate total investment corpus using future value formula.
upvoted 0 times
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