Mathematics · Financial Mathematics
Calculate the 'Human Life Value' (HLV) of a 35-year-old bank officer using the 'Income Replacement' method. The officer earns a net annual income of 12,00,000 Rupees. His personal expenses (including taxes and lifestyle) are 4,00,000 Rupees per year. He intends to work until the age of 60. Assume a constant income and a discount rate (interest rate) of 0% (i.e., ignore the time value of money and inflation for this simplified calculation).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12,40,00,000 Rupees
- 21,20,00,000 Rupees
- 32,00,00,000 Rupees✓
- 43,00,00,000 Rupees
Correct answer
2,00,00,000 Rupees
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