Question: In analysing your client s data to determine his current position and retirement need, a deficit of RM 1 0 7 , 3 9 2

In analysing your clients data to determine his current position and retirement need, a deficit of RM107,392 was recorded. Your client, now aged 45 is supposed to retire at 60 years old. Which of the following options is CORRECT in funding the deficiency if rate of return quoted is 5% per annum? a. An annual regular funding of RM7,517 at the beginning of the year b. An annual regular funding of RM4,740 at the beginning of the year c. An annual regular funding of RM7,517 at the end of the year d. An annual regular funding of RM4,740 at the end of the yearIn analysing your clients data to determine his current position and retirement need, a deficit of RM107,392 was recorded. Your client, now aged 45 is supposed to retire at 60 years old. Which of the following options is CORRECT in funding the deficiency if rate of return quoted is 5% per annum? a. An annual regular funding of RM7,517 at the beginning of the year b. An annual regular funding of RM4,740 at the beginning of the year c. An annual regular

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