Homework Answers
Salary: 65000
Expenses: 48,500
Saving / surplus income: 65000 - 48500 = 18,150
Now, HLV can be calculated by considering that this surplus income is invested over the remaining employed years of Mr. Chris (65-40), i.e., 25 years.
Taking return as 10% provided in the question.
HLV = 18,150 * (1+10%)^1 (for first year) + 18150 * (1+10%)^2 (for second year) ... + 18150 * (1+10%)^25
HLV= RM 1,622,726
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