Update the contents of our study materials

As is known to us, it must be of great importance for you to keep pace with the times. If you have difficulty in gaining the latest information when you are preparing for the AFP-Exam-1, it will be not easy for you to pass the exam and get the related certification in a short time. However, if you choose the AFP-Exam-1 exam reference guide from our company, we are willing to help you solve your problem. There are a lot of IT experts in our company, and they are responsible to update the contents every day. If you decide to buy our AFP-Exam-1 study question, we can promise that we will send you the latest information every day.

If you also need to take the AFP-Exam-1 exam and want to get the related certification, you can directly select our study materials. We can promise that our AFP-Exam-1 study question has a higher quality than other study materials in the market. If you want to keep making progress and transcending yourself, we believe that you will harvest happiness and growth. So if you buy and use the AFP-Exam-1 test torrent from our company, we believe that our study materials will make study more interesting and colorful, and it will be very easy for a lot of people to pass their exam and get the related certification if they choose our AFP-Exam-1 test torrent and take it into consideration seriously. Now we are willing to introduce the AFP-Exam-1 exam reference guide from our company to you in order to let you have a deep understanding of our study materials. We believe that you will benefit a lot from our AFP-Exam-1 study question.

DOWNLOAD DEMO

High class operation system

In order to meet all demands of all customers, our company has employed a lot of excellent experts and professors in the field to design and compile the AFP-Exam-1 test torrent with a high quality. It has been a generally accepted fact that the AFP-Exam-1 exam reference guide from our company are more useful and helpful for all people who want to pass exam and gain the related exam. We believe this resulted from our constant practice, hard work and our strong team spirit. With the high class operation system, the AFP-Exam-1 study question from our company has won the common recognition from a lot of international customers for us. If you decide to buy our AFP-Exam-1 test torrent, we can assure you that you will pass exam in the near future.

The practicability of the software version

The software version of the AFP-Exam-1 exam reference guide is very practical. This version has helped a lot of customers pass their exam successfully in a short time. The most important function of the software version is to help all customers simulate the real examination environment. If you choose the software version of the AFP-Exam-1 test torrent from our company as your study tool, you can have the right to feel the real examination environment. In addition, the software version is not limited to the number of the computer. So hurry to buy the AFP-Exam-1 study question from our company.

CSI AFP-Exam-1 Exam Syllabus Topics:

CSI Applied Financial Planning Certification Exam 1 (AFP) Sample Questions:

Question 1

Henry, age 48, has been working for Bac Inc, which is a federally regulated corporation, for over eight years.
He is looking to retire at age 50 and has decided to take the commuted value of his pension: $450,000, electing to transfer the eligible remainder to his RRSP (Income Tax Act maximum pension benefit transfer value of $210,000). Henry estimates he would need $1,800 (pre-tax every month) from his registered investments to meet his retirement income goal and is looking to maximize his RRSP contribution room.
Assume no inflation, an average tax rate of 15%, an unused RRSP contribution room of $90,000, and a life expectancy to age 90. What would be the required rate of return to meet Henry's goals?

A. 14,35%.
B. 10,09%.
C. 6,71%.
D. 3,71%.

Question 2

A high-income parent gives $80,000 to a 12-year-old child to invest in a non-registered bond fund. The parent expects the child to report the annual interest income. What rule should the planner identify?

A. The child must contribute the amount to an RRSP.
B. Attribution rules apply only when property is transferred to a spouse.
C. Attribution rules may tax the interest income back to the parent.
D. The income is always taxed to the child because the account is in the child's name.

Question 3

Dianna has just taken a 20-year mortgage and wants insurance only to ensure the mortgage can be repaid if she dies during that period. She is considering whole life insurance. What should her planner most likely explain?

A. Term insurance is generally better aligned with a temporary liability.
B. No insurance is needed if the mortgage is insured by the lender.
C. Whole life is always cheaper for temporary mortgage needs.
D. Critical illness insurance replaces life insurance for mortgage protection.

Question 4

John and Jerry's financial planner have recommended they review their budget. What is the primary purpose of the budget?

A. To determine which expenses to reduce or eliminate.
B. To determine the TDS.
C. To understand cash inflows and outflows each year.
D. To create a savings plan.

Question 5

A household has gross monthly income of $9,500. Their monthly mortgage payment is $2,100, property taxes are $425, heating costs are $175, car payments are $600, and minimum credit card payments are $250. What is their total debt service ratio?

A. 31.1%.
B. 28.4%.
C. 44.2%.
D. 37.4%.

Solutions: