A young man aged 25 years, has completed his post-graduation and just joined a MNC as...

 

Transcribed Image Text:

A young man aged 25 years, has completed his post-graduation and just joined a MNC as a manager at a good pay scale. Every year he intends to set aside and invest Rs.1,00,000/- in lucrative option so as to financially secure his post retirement life. He plans to invests the money till he reaches the age of 60 years. He can invest this money in an option which gives a return of 6.60%. But he is also exploring the option of saving only till the age of 50 in case he opts for an early retirement. Analyse and summarize results using the concept of Time Value of Money: a. If the man saves money till the age of 60. b. If the man saves money till the age of 50. (Ignore Taxes). A young man aged 25 years, has completed his post-graduation and just joined a MNC as a manager at a good pay scale. Every year he intends to set aside and invest Rs.1,00,000/- in lucrative option so as to financially secure his post retirement life. He plans to invests the money till he reaches the age of 60 years. He can invest this money in an option which gives a return of 6.60%. But he is also exploring the option of saving only till the age of 50 in case he opts for an early retirement. Analyse and summarize results using the concept of Time Value of Money: a. If the man saves money till the age of 60. b. If the man saves money till the age of 50. (Ignore Taxes).

Answer rating: 100% (QA)

Answer Part a Current age 25 Savings till the age of 60 Hence ... View the full answer