n NISM Certifications
XVII NISM Series XVII
Medium

Mr. Mohit's retirement is 20 years away, and the current value of his investment assigned to his retirement goal is Rs. 5,00,000. The expected rate of return on this investment is 9% per annum, with an expected inflation rate of 7%, and the expected rate of return on the retirement corpus itself is 8% per annum. Calculate the value of the investment that will be accounted towards his retirement corpus.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 30,41,200

  2. Rs. 28,02,200

    Correct answer

  3. C

    Rs. 33,00,600

  4. D

    Rs. 26,10,900

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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