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?

Rajesh needs Rs 1,00,000/- for his son's college fees after 4 years time. What amount shall he invest today for
4 years, so that it becomes Rs. 1,00,000 at maturity if ROI is @ 8% per annum, compounded Half yearly?

Mr. Ravi aged 28 years is a marketing professional who earns a salary of Rs. 50000 p.m. He is very concerned about his retirement expenses. For the same he has started saving Rs. 6000 p.m. regularly in a bank fixed deposit paying an interest of 9.5% p.a. since the age of 23.
At the age of 38, he is thinking of buying a house on his retirement which is 25 years away.
He has estimated that the price of the house at his retirement will be Rs. 4000000. Calculate the amount of retirement corpus accumulated by him and the extra savings he has to make at the age of 38 in order to purchase the house? (Inflation rate = 3% p.a.)

The facility of mini-statement is available to customers __________

You want to take a trip overseas which costs Rs. 10 lacs. The cost is expected to remain unchanged in nominal terms. You can save annually Rs. 50000 to fulfill the desire. How long will you have to wait if your savings earn an interest rate of 12%?