1|Page
CRPC EXAM NEWEST 2026 VERSION REAL EXAM COMPLETE ALL
100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH
EXPLANATIONS (VERIFIED ANSWERS) |ALREADY GRADED A+
Discounting and ___________ are opposite time value of money concepts.
A) earnings multiplier
B) compounding
C) interest per year
D) inflation-adjusted yield - ANSWER---B
Compounding is the opposite of discounting when talking about time value
of money.
If you invest $10,000 in an account that compounds at an annual rate of 5%,
what will the account be worth after 10 years?
A) $17,908.48
B) Solution cannot be determined.
C) $16,288.95
D) $16,470.10 - ANSWER---C
Set calculator to 1 payment per year, and C/ALL
Keystrokes:
10000 PV
10 N
,2|Page
5 I/YR
FV Solution: $16,288.95.
Your client's current retirement income deficit is $80,000. In 31 years, that
figure will be _________, assuming a 4% rate of inflation.
A) $269,851
B) $285,564
C) $275,879
D) $363,043 - ANSWER---A
Set calculator to 1 payment per year, and C ALL
Keystrokes:
80000 PV
31 N
4 I/YR
FV
Solution: $269,851.
John has been promised a stream of $30,000 annual payments at the
beginning of each year for a period of 20 years. The present value of these
payments, discounted at a rate of 6%, is
A) Solution cannot be determined
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B) $96,214.
C)$344,098.
D) $364,743. - ANSWER---D
Set calculator to BEG, 1 payment per year, and C/ALL
Keystrokes:
30000 PMT
20N
6 I/YR
PV Solution: $364,743
Prior to providing retirement planning services, the scope of the services
offered should be mutually defined by the planner and client. This initial
discussion should NOT include which one of the following topics?
A) identifying the services to be provided.
B) identifying specific funds in which to invest.
C) disclosing the planner's compensation arrangements.
D) establishing the duration of the services and engagement. - ANSWER-
Answer: B
Specific investments are not discussed until step four of the planning
process, when the planner develops and presents the retirement plan.
The initial meeting should include a discussion of the planner's
compensation arrangements so that the client can determine precisely
, 4|Page
how the planner will be paid. Duration of the engagement and scope of
services provided should also be discussed.
The process of data gathering is the second step in the retirement planning
process. All of the following are examples of data to be gathered except
A) the client's ability to purchase health insurance.
B) income sources and amounts.
C) the balances in retirement accounts.
D) investment risk tolerance. - ANSWER-Answer: A
The client's ability to purchase insurance or investments is reviewed in step
three of the planning process, in which an analysis and evaluation of financial
status takes place. During the data gathering process the planner should
identify the client's retirement account balances and income sources and
amounts, and determine his or her risk tolerance.
Frank and Brenda Elliot own $20,000 in cash equivalents, $100,000 in
invested assets, and $290,000 in use assets. The Elliots have an outstanding
mortgage of $150,000 and owe $3,500 in credit card debt. What is the Elliots'
net worth?
A) $410,000
B) $236,500
C) $260,000
CRPC EXAM NEWEST 2026 VERSION REAL EXAM COMPLETE ALL
100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH
EXPLANATIONS (VERIFIED ANSWERS) |ALREADY GRADED A+
Discounting and ___________ are opposite time value of money concepts.
A) earnings multiplier
B) compounding
C) interest per year
D) inflation-adjusted yield - ANSWER---B
Compounding is the opposite of discounting when talking about time value
of money.
If you invest $10,000 in an account that compounds at an annual rate of 5%,
what will the account be worth after 10 years?
A) $17,908.48
B) Solution cannot be determined.
C) $16,288.95
D) $16,470.10 - ANSWER---C
Set calculator to 1 payment per year, and C/ALL
Keystrokes:
10000 PV
10 N
,2|Page
5 I/YR
FV Solution: $16,288.95.
Your client's current retirement income deficit is $80,000. In 31 years, that
figure will be _________, assuming a 4% rate of inflation.
A) $269,851
B) $285,564
C) $275,879
D) $363,043 - ANSWER---A
Set calculator to 1 payment per year, and C ALL
Keystrokes:
80000 PV
31 N
4 I/YR
FV
Solution: $269,851.
John has been promised a stream of $30,000 annual payments at the
beginning of each year for a period of 20 years. The present value of these
payments, discounted at a rate of 6%, is
A) Solution cannot be determined
,3|Page
B) $96,214.
C)$344,098.
D) $364,743. - ANSWER---D
Set calculator to BEG, 1 payment per year, and C/ALL
Keystrokes:
30000 PMT
20N
6 I/YR
PV Solution: $364,743
Prior to providing retirement planning services, the scope of the services
offered should be mutually defined by the planner and client. This initial
discussion should NOT include which one of the following topics?
A) identifying the services to be provided.
B) identifying specific funds in which to invest.
C) disclosing the planner's compensation arrangements.
D) establishing the duration of the services and engagement. - ANSWER-
Answer: B
Specific investments are not discussed until step four of the planning
process, when the planner develops and presents the retirement plan.
The initial meeting should include a discussion of the planner's
compensation arrangements so that the client can determine precisely
, 4|Page
how the planner will be paid. Duration of the engagement and scope of
services provided should also be discussed.
The process of data gathering is the second step in the retirement planning
process. All of the following are examples of data to be gathered except
A) the client's ability to purchase health insurance.
B) income sources and amounts.
C) the balances in retirement accounts.
D) investment risk tolerance. - ANSWER-Answer: A
The client's ability to purchase insurance or investments is reviewed in step
three of the planning process, in which an analysis and evaluation of financial
status takes place. During the data gathering process the planner should
identify the client's retirement account balances and income sources and
amounts, and determine his or her risk tolerance.
Frank and Brenda Elliot own $20,000 in cash equivalents, $100,000 in
invested assets, and $290,000 in use assets. The Elliots have an outstanding
mortgage of $150,000 and owe $3,500 in credit card debt. What is the Elliots'
net worth?
A) $410,000
B) $236,500
C) $260,000
