ilmscore | 5 Free Tools to Master Personal Finance | CA Rachana Ranade

5 Free Tools to Master Personal Finance | CA Rachana Ranade

Published: 2023-12-08
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Saving 8,000 rupees per month for 20 years in an index mutual fund is projected to yield approximately 79,93,183.
"this will be the future value which is going to be 79,93,183. This will be the amount if he saves how much only 8,000 rupees for a period of 20 years and I'm assuming that he has invested in an index mutual fund this will be the value"
Future value of SIP
Pending
A monthly SIP of 24,337 rupees is projected to be sufficient to afford a car in 3 years, considering inflation.
"A monthly SIP of 24,337 rupees will be required so that you get your car easily without taking a loan"
Car purchase goal
Pending
A car that costs 8 lakh rupees today is predicted to cost around 9 to 9.5 lakh rupees after 3 years due to inflation.
"the car that is going to cost you 8 lakh today will cost you around 9 and 9 and a half lakh rupees after 3 years"
Inflation-adjusted car cost
Pending
The inflation-adjusted cost of an engineering course in 20 years is projected to be 38,48,562, assuming a current cost of 12 lakhs.
"Today engineering would cost 12 lakhs but after 20 years the inflation adjusted goal value is going to be 38, 48,562."
Child's education cost
Pending
An investment of approximately 4 lakh rupees today, in an instrument like a Nifty50 index mutual fund, is projected to cover the future cost of a child's education in 20 years.
"the amount is only 3,98,968 just around 4 lakh rupees"
Lump sum investment for education
Pending
An investment of 10 lakh rupees today is projected to grow to 96 lakh rupees after 20 years, assuming a 12% annual rate of return.
"how much money this 10 lakhs would have then gone to 96 lakh rupees after 20 years"
Lump sum investment growth
Pending
Chandu's business sales grew by an average of 87.08% per year between year 1 and year 3.
"on an average his sales grew by 87.08%."
Chandu's business sales growth
Pending
The CAGR calculator can be used to determine the average annual rate of return on investments.
"you'll be able to easily calculate your average returns per year."
Investment growth rate
Pending