Q: 2
Jignesh is 23 years old and plans to retire at 60. His life expectancy is 70 years. You being his CWM®
estimate that his client will require Rs. 40,000/- in the first month after retirement. Inflation rate is
5% p.a. and the rate of return is 7% p.a. Currently Jignesh has investment of Rs. 50,000/- @ 7% rate
of interest. What will be the extra savings per month at begin required in order to achieve this?
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