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6. Your grandfather is 75 years old. He has total
savings of Rs.80,000. He expects that he live for another
10 years and will like to spend his savings by then. He
places his savings into a bank account earning 10 per cent
annually. He will draw equal amount each year- the first
withdrawal occurring 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?
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