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Exam CFA® Level 1 topic 1 question 1397 discussion

Actual exam question from Test Prep's CFA® Level 1
Question #: 1397
Topic #: 1
[All CFA® Level 1 Questions]

A client tells you that he currently earns $100,000 per year and is comfortable with his lifestyle at that income level. He says he is planning on retiring in 5 years. If inflation averages 8% over the next 5 years, approximately what income level will this client require to maintain his current lifestyle?

  • A. $147,000
  • B. Not enough information
  • C. $169,000
  • D. $122,000
  • E. $140,000
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Suggested Answer: B 🗳️
The calculation is as follows: (1.08)^(5)*100000=$146,933
by KAla7223 at Feb. 15, 2023, 9:59 a.m.

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KAla7223
1 year, 10 months ago
Should be A
upvoted 1 times
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