NISM Series XVII (Retirement Adviser) Practice Questions - NISM-Series-XVII Retirement Adviser Certification Examination Exam

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If the annual inflation rate is 6% and a client requires a monthly expense of Rs. 50,000 today, what will be the inflation-adjusted monthly expense needed in 20 years?

Rs. 1,60,357 Rs. 1,10,000 Rs. 98,345 Rs. 1,80,456

Correct Answer:

Rs. 1,60,357

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