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?

4 Answers  

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Please tell me jurnal entries for input vat and output vat?

1 Answers  

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a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?

0 Answers  

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How does Cheques work while processing it in SAP? What are the effects and the methods.

0 Answers   IBM,

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WHERE WE CAN USE VAT 5%,14.5%

0 Answers   Airier, Automobile, Chartered Accountant, Puzzolana,

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0 Answers   VSI,

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difition of reserve & surplus

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1 Answers   Genpact,

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Is the Bills payable is personal account ?

2 Answers   Income Tax, Josts Engineering Company,

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Hi, I want to know whether PF Deduction is applicable if the CTC Is Rs.7000/-PM. We already deducted ESI On Gross Salary (1.75%). Whether PF Is applicable in this?Employee & Employer?

3 Answers  

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What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?

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in tally how to enter cheque receipts and cheque payments

3 Answers  

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