AAFM GLO_CWM_LVL_1 Question Answer
Ashok is 30 years old and plans to retire after another 25 years, is His annual expenditure is Rs. 2,00,000/-, and wants to maintain the same living standard as of now. Expected inflation rate is 5%. Calculate what will be the Ashokâs annual expenditure requirement at the beginning of first year of his retirement?
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