RETIREMENT PLANNING: EXAMPLE 2
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Question 1 of 10
1. Question
Sam contributed the following amounts into her unit trust in a yearJANUARY10,000MAY 3,000JUNE 5,000AUGUST12,000NOVEMBER11,000The value of her unit trust at the end of December was 50 000Whats is her rate of return on this investment?CorrectIncorrect -
Question 2 of 10
2. Question
Peter’s daughter is starting university. The first year he estimates to be R120 000 and knows that the cost will increase by 8%. She is planning to do a four-year degree. Advise Peter how much he needs to invest today assuming he earns interest at 10% per annum.CorrectIncorrect -
Question 3 of 10
3. Question
Your client is unsure of the first annual premium paid on a policy thatmatures with a value of R766 012. He contributed for 15 years. He recalls that his contributions increased by 15% a year and you have established that his growth has been 8% a year. What would his first annual contribution have been at the commencement of this investment?CorrectIncorrect -
Question 4 of 10
4. Question
Sibanda wants to start saving towards a holiday in six years time, he has decided that he will invest in a savings account that earns interest at 10% per annum. He knows the holiday will cost him R45000 . He will increase his contributions 7% every year. How much should Sibanda start saving in the first year?
CorrectIncorrect -
Question 5 of 10
5. Question
Craig is 40 years old. He is married to Kudi aged 35. They give you the following information. They would like to retire when Craig turns 65 and would like their retirement capital to last until Kudi turns 85. Craig is a member of a retirement annuity fund to which he is currently contributing R5 000 per month. He increases his contribution to the fund by 10% per annum.The fund earns a return of 12% per month. The current value of the fund is R500 000. Craig’s retirement shortfall is R18 387 013. How much more does he need to contribute to is RA?
CorrectIncorrect -
Question 6 of 10
6. Question
Sibanda wants to start saving towards a holiday, he has decided that he will invest in a savings account that earns interest at 10% per annum. Sibanda will invest R 5500 per month in the first year but will increase his contributions by 7% every year. How much will Sibanda’s savings be worth after six years?
CorrectIncorrect -
Question 7 of 10
7. Question
Sibanda wants to start saving towards a holiday in six years time, he has decided that he will invest in a savings account that earns interest at 10% compounded annually . He knows the holiday will cost him R45 000. He will increase his contributions by 7% every year. How much should Sibanda start saving monthly
CorrectIncorrect -
Question 8 of 10
8. Question
Calculate the present value of an annuity with the first payment of R100 for 10 years at a discount rate of 12% pa, if the payments escalate at 5% per annum?
CorrectIncorrect -
Question 9 of 10
9. Question
Sibanda wants to start saving towards a holiday, he has decided that he will invest in a savings account that earns interest at 10% per annum. Sibanda will invest R5 500 in the first year but will increase his contributions by 7% every year. How much will Sibanda’s savings be worth after six years?
CorrectIncorrect -
Question 10 of 10
10. Question
Louise requires R300 000 in three years. She can potentially invest in a fund that earns an average rate of return of 10% annually . She can start investing R80 000 in the first year. What percentage should Louise increase her payments by annually in order to achieve her goal?
CorrectIncorrect