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AAFM Exam GLO_CWM_LVL_1 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

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