a) Raghav age 35 years has current household expenses of Rs 6 lakhs per annum. He will retire at age of 60. He wants to accumulate enough corpus which will give him pension of Rs 2 lakh per month pst retirement till the expected life of 90 years. The retirement corpus is supposed to be invested in debt fund which is expected to generate 8% per annum return.Inflation rate 6% per annum i) Estimate the amount of corpus required for same ii) Estimate the amount of saving per month to be done in Equity Mutual Fund to achieve that corpus if the expected return of Mutual fund Scheme is 15% per annum

b) Komal has taken Housing Loan of Rs 40 Lakhs for 20 years at rate of 8% per annum. Estimate her EMI and also prepare the Monthly Loan Ammortisation Schedule