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

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?

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

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

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

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

Show Suggested Answer

Suggested Answer: B

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

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Winfred

4 months ago

How did they calculate the corpus? Seems off.

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Alita

5 months ago

Agree with A, those numbers add up nicely!

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Louann

5 months ago

Wait, can he really withdraw that much?

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Francesco

5 months ago

I think option C seems too high.

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Refugia

5 months ago

Looks like option A is the best bet!

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Barb

5 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

5 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.

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Brandon

5 months ago

Looks like a compound interest problem with inflation adjustment. I'll first calculate total investment corpus using future value formula.

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