5a. Ghazali, age 40, currently earns RM100,000 per annum and wants to retire at age 60. If his salary grows at a rate of 5% per annum, what is the amount of the first year retirement income if the replacement ratio method used represents 80% of his last dawn salary? Select one: a. RM265,330 b. RM212,264 c. RM84,000 d. RM105,000 5b. Which of the following statements is FALSE regarding the data gathering process? Select one: a. Inflation rates, number of years to retirement are quantitative issues. b. Subjective assumptions are not important c. Life-style during retirement is a qualitative issue d. Assumptions are important to help clients set realistic goals 5c. Which of the following is categorized as non-income producing asset? Select one: a. A mini-market b. Rm250,000 in Sukuk c. An indoor-game sport center d. Double-storey family house 5d. Bias creates selective distortion of the risk faced. Investors who purchase stocks that they are familiar with is a type of: Select one: a. Illusion of control bias b. Evidence bias c. Accessible bias d. Intimacy bias 5a. Ghazali, age 40, currently earns RM100,000 per annum and wants to retire at age 60. If his salary grows at a rate of 5% per annum, what is the amount of the first year retirement income if the replacement ratio method used represents 80% of his last dawn salary? Select one: a. RM265,330 b. RM212,264 c. RM84,000 d. RM105,000 5b. Which of the following statements is FALSE regarding the data gathering process? Select one: a. Inflation rates, number of years to retirement are quantitative issues. b. Subjective assumptions are not important c. Life-style during retirement is a qualitative issue d. Assumptions are important to help clients set realistic goals 5c. Which of the following is categorized as non-income producing asset? Select one: a. A mini-market b. Rm250,000 in Sukuk c. An indoor-game sport center d. Double-storey family house 5d. Bias creates selective distortion of the risk faced. Investors who purchase stocks that they are familiar with is a type of: Select one: a. Illusion of control bias b. Evidence bias c. Accessible bias d. Intimacy bias
