GLO_CWM_LVL_1 Exam Dumps | Mr. Reddy is 58 years old and has just retired from his company,and have a total retirement benefits

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Question 153/359

Mr. Reddy is 58 years old and has just retired from his company,and have a total retirement benefits of Rs.
29,37,500/-. His life expectancy is 75 years. He has a dream to take a world-trip after 2 years from now with an estimated current price of Rs. 4,00,000/-. He has finalized a flat of Rs. 15,00,000/- for immediate purchase.
Calculate how long his corpus will run if his post retirement living expenses in the beginning of every year is Rs. 1,35,000/- considering inflation @ 4% and rate of return is 6% p.a.?

A. 8.22

B. 12.65

C. 12.22

D. 11.34

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Question 153/359

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