1 
Sachin has been investing Rs. 3500 into a mutual fund at the end of each month for the last 10 years and has been earning a compound return of 12%, consisting entirely of capital appreciation. Does Sachin have enough money, after selling his investments to purchase his dream home for Rs.800000?
 a) No because he has Rs. 563595 after sale of investment and after paying long term capital gains tax
 b) No because he has Rs. 644108 after sale of investment and after paying long term capital gains tax
 c) No because he has Rs. 724622 after sale of investment and after paying long term capital gains tax
 d) Yes because he has Rs. 805135 after sale of investment

2 
Sahil, age 43, can refinance Rs. 114042 at a 20year rate for 7% and will incur closing cost of 3% of the mortgage amount to be financed in the new mortgage balance. What will be his new EMI on the mortgage under the circumstances to achieve his objective of no debt at retirement (age 60)?
 a) Rs. 781.49
 b) Rs. 957.56
 c) Rs. 980.57
 d) Rs. 986.29

3 
Mira aged 30, is interested in planning for retirement. She saves Rs. 15000 per year (at the year end) in a bank fixed deposit earning 8.25% p.a. compounded annually until she retires at age 58. Her life expectancy is 80 years. What will be her corpus on the date of retirement? What is the fixed annual amount she can withdraw at the beginning of each year until age 80, in case she wishes to exhaust her corpus completely?
 a) 1348974, 87498
 b) 1424894, 89458
 c) 1491655, 137767
 d) 1491655, 91613

4 
Ms. Rekha is 45 years old and plans to retire at 50. Her life expectancy is 70 years. Ms. Sushma her Financial Planner, estimates that her client will require Rs.45000 in the first month after retirement. Inflation rate is 4% p.a. and the rate of return is 6% p.a. What will be the savings per year required in order to meet this?
 a) 1245879
 b) 1478951
 c) 1589420
 d) 1689745

5 
Sunil is a young professional ageing 27 years, who has started investing in a ULIP of a Insurance company. His annual contribution is Rs 60,000 in the beginning of the year. He has opted for balanced fund looking at the bear phase of the market. He is optimistic and believes that the market will rise and like wise interested in moving to growth fund, say after 2 years and is considering to a protector fund option 5 years before retirement, which as per his company.s policy is 58 years. Considering rate of return for growth fund be 12 %, balanced fund be 8 % and protector fund be 6 %, what will be the accumulated value of the ULIP if initially, investible amount of the contribution is 70 %, increasing by 10 % for subsequent years?
 a) Rs 1,71,06,852
 b) Rs 76,20,539
 c) Rs 1,69,56,625
 d) Rs 1,29,10,277

6 
Ms Aditi Girpade wanted to have a retirment corpus of Rs 1.5 Crores. She has 18 years to go for retirement. But now she wants to retire 3 years earlier. What is the additional amount that she needs to invest each year if the rate is 8%?
 a) Rs 151921
 b) Rs 151912
 c) Rs 151919
 d) Rs 151932

7 
Akshay has a plan to save Rs 100000 each year for the next 28 years. If the amount is saved at the beginning of the year at an earning rate of 10%, what is the sum that will be accumulated by the time he retires?
 a) Rs 14763039
 b) Rs 13420994
 c) Rs 13420949
 d) Rs 14763093

8 
Brijesh, age 48, plans to retire at 65 and wants to be debt free at retirement. The balance sheet mortgage is Rs. 114042 at the end of the 10th year of a 30 year loan. The monthly payment was Rs. 953.89. What was the original balance of the loan if the interest rate was 8%? (Select closest answer)
 A) Rs. 140000
 B) Rs. 130000
 C) Rs. 120000
 D) Rs. 125000

9 
Gary received an inheritance of Rs. 2 Lakh. He wants to withdraw equal periodic payments at the beginning of each month for 5 years starting after 5 years. He expects to earn 12% annual interest, compounded monthly on his investments. How much can he receive each month?
 A) Rs. 8082.28
 B) Rs. 4448.89
 C) Rs. 4404.84
 D) Rs. 8002.26

10 
Mr. Kalpesh decides to accumulate Rs. 50 lakh when he retires. He is 30 years old at present and wants to retire at the age of 55 years. Assume Interest Rate = 9%, Inflation = 5%. Compounding to be done on annuity certain basis. If Mr. Kalpesh could save only
Rs.45, 000 p.a. for first ten years, how much does he need to save for next 15 years to meet his retirement nest egg?
 a) Rs. 147008 p.a.
 b) Rs. 98450 p.a.
 c) Rs. 79250 p.a.
 d) Rs. 85477 p.a.

11 
Ahmed’s current annual expenditure is Rs. 100000/. He is 30 years old and expects to retire at age 55. His annual expenses are estimated to rise by 6% p.a. and his life expectancy is 75 years. His post retirement annual expenses are estimated to be 80% of his preretirement expenses. What will be his expenses on the first year of his retirement?
 a) Rs. 3,47,425/
 b) Rs. 3,43,350/
 c) Rs. 4,29,187/
 d) Rs. 4,02,350/

12 
Ms. Rekha is 45 years old and plans to retire at 50. Her life expectancy is 70 years. Ms. Sushma, her Financial Planner, estimates that her client will require Rs.45,000/ in the first month after retirement. Inflation rate is 4% p.a. and the rate of return is 6% p.a.
What will be the savings per year required in order to meet this?
 a) Rs. 15,90,000/ (Approx)
 b) Rs. 14,80,000/ (Approx)
 c) Rs. 16,90,000/ (Approx)
 d) Rs. 12,40,000/ (Approx)

13 
Avinash pays his mortgage of Rs. 12 Lakh for 15 years at an interest rate of 7%. Avinash makes the payments on a monthly basis. What is the total amount of interest Avinash will pay over the term of the mortgage? (Select closest answer)
 a) Rs. 6,47,000
 b) Rs. 7,76,300
 c) Rs. 7,30,200
 d) Rs. 7,41,480

14 
Girish received an inheritance of Rs. 2 Lakh. He wants to withdraw equal periodic payments at the beginning of each month for 10 years starting after 10 years. He expects to earn 12% annual interest, compounded monthly on his investments. How much can he receive each month?
 a) Rs. 9,470
 b) Rs. 9,376
 c) Rs. 8,912
 d) Rs. 8,824

15 
The cash purchase price of an item is Rs. 2,00,000. The selling company however offers installment plan, which allows an immediate payment of Rs. 10,000 and a series of 5 halfyearly payments thereafter. The first installment is payable after one and a half year. If the company wants rate of interest of 10% P.A. compounded halfyearly, what will be the halfyearly installment?
 a) Rs. 43,885
 b) Rs. 48,383
 c) Rs. 50,802
 d) Rs. 29,412

16 
Sundar invests a sum of Rs. 72,000 at 5% p.a. After 7 years the rate of interest was changed to 5% p.a, compounded half yearly. After a further period of 3 years the rate was again changed to 6% p.a, compounded quarterly. What will Sundar get at the end of 15 years of commencement?
 a) Rs. 1,40,000
 b) Rs. 1,48,251
 c) Rs. 1,58,242
 d) Rs. 1,55,000

17 
Alok, age 25 years, plans to retire at age 60 and his life expectancy is 75 years. His current expenditure is Rs. 2,00,000 annually. He estimates no reduction of expenses post retirement. How much will he save per annum to achieve his target, if inflation rate is 6% and expected yield from investment is 10%? Assume he wishes to leave an estate of 10% of his savings at the time of retirement.
 a) Rs. 73,878
 b) Rs. 9,612
 c) Rs. 66,490
 d) Rs. 8,651

18 
Ms. Reshma is 35 years old and plans to retire at 50. Her life expectancy is 60 years. Ms. Zarina her Financial Planner, estimates that her client will require Rs.65000 in the first month after retirement. Inflation rate is 3% p.a. and the rate of return is 5% p.a. What will be the savings per year required in order to meet this?
 a) Rs. 328300
 b) Rs. 345897
 c) Rs. 315894
 d) Rs. 320458

19 
Nitish is a 30 yearold self employed youth and has been using the PPF account to accumulate Rs. 30,000 per year, for his future needs. The PPF account provides a compounded return of 8% p.a. He does not have a clear view yet on financial goals and needs but has been saving as a habit, for the last 5 years. Nitish is willing to look at a lifestyle after retirement that fits into a fixed Rs. 3,00,000 per annum spend, for an estimated 15 years. What is the spending opportunity for Nitish, at the time of his retirement at 60 years, given his saving and assuming a rate of 6% on his funds after retirement? (Assumption: All computations for interest spend and savings compound annually, assuming beginning of the period investment. Answers to be rounded off to the nearest 5 rupees).
 a) Rs. 20,81,345
 b) Rs. 18,54,425
 c) Rs. 14,26,890
 d) Rs. 24,94,570

20 
Ms. Mamta is 30 and plans to retire at 58 years. Her CFP says that Mamta will require inflation adjusted Rs.75000 in the first month after retirement. Inflation is 4%p.a. & return on investment is 6%p.a. What’ll be the corpus at the time of retirement in order to meet this? Will Mamta’s corpus be enough to fund her retirement if she saves Rs. 2lakhs pa. ?(end of year) . Life expectancy 75 years.
 a) Yes, Rs. 1,30,41,852
 b) Yes, Rs. 17,48,948
 c) Yes, Rs. 19,45,782
 d) No, Rs. 15,78,498
