jibon_biman_calculation

gistfile1.txt

<?php
// Your code here!
$current_year=2022;
$amount_start = 20000;
$start_age = 30;
$pension_age = 60;
$inflation_rate = 6;
$amount = $amount_start;

for($i=0;$i<=($pension_age - $start_age);$i++){
    if ($i>0) $amount = $amount + $amount* $inflation_rate /100;
   // echo $start_age+$i." - ".$amount."\n";
}
$amount = round($amount,2);
echo "Pension We want to get\n";
echo "Value at ".$current_year.": ".$amount_start."\n";
echo "Value at ".$current_year+($pension_age - $start_age).": ".round($amount,2)."\n";

$jibon_bima_rate = 84.50;
$premium_yearly = ($jibon_bima_rate/100)*$amount;
$premium_yearly_base = $premium_yearly;
$total_premium_paid=0;
echo "Yearly Premium : ".round($premium_yearly,2);
echo "\nMonthly Premium : ".round($premium_yearly/12,2);
for($i=0;$i<=($pension_age - $start_age);$i++){
    if ($i>0) $premium_yearly = $premium_yearly * 100 / (100+$inflation_rate);
    //echo $start_age+$i." - ".$premium_yearly."\n";
    $total_premium_paid = $total_premium_paid + $premium_yearly;
}
$total_premium_paid_in_value= round($total_premium_paid,2);
echo "\nTotal Premium Paid:(In terms digit): ".round($premium_yearly_base*($pension_age - $start_age),2)."\n";
echo "Total Premium Paid:(In terms value) of ".$current_year." : ".$total_premium_paid_in_value;
echo "\nProfit After:\n";
$month=1;
$total_pension_get = 0;
while(1){
    $total_pension_get = $total_pension_get + $amount_start;
    //echo $total_pension_get."\n";
    $month++;
    if($total_pension_get>$total_premium_paid_in_value){
        echo "Total Years you have to be live: ".round($month/12,0)." & Months: ".$month%12;
        break;
    }
}
?>