Your grandfather is 75 years old. He has total saving of
Rs. 80000. He expects that he live for another 10 years and
will like to spend his saving by them. He placed his saving
into a bank account earning 10 per cent annually. He will
draw equal amount each year- the first withdrawal occuring
one year from now in such a way that his account balance
becomes zero at the end of 10 years. How much will be his
annual withdrawal?
- 2 Answers
- 4497 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
what is the journal entry for payment of interest for loans.?
why the company select you?
WHAT TYPE OF QUESTION WILL YOU ASK IN INTERVIEW BECAUSE IAM FRESHER
2 Answers Bank of Baroda, State Bank Of India SBI, Vserve,
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?
what is factory account. Descibe in details
Maximum retail price rs.100 including vat 12.5 % what is basic price
7 Answers Ceramic Centre, Chartered Accountant,
If any company paid taxi fare to staff for special work how can i post it in tally example if Ram get 500 for taxi fare to return home late night due to official work.
what is the meaning of written-off as goodwill written-off
what is the meaning of revenue income and revenue expenditure
What is Current Assets minus current Liabilities?
22 Answers Capital IQ, Core Logic, FIC,
What is personal account?
Audit 
