Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 14067 Views
- I also Faced
- E-Mail Answers
Answer Posted / nareshreddy
8,400 per annum
| Is This Answer Correct ? | 5 Yes | 17 No |
Post New Answer View All Answers
What is the marginal cost formula?
Explain me what is tally accounting?
Explain me the difference between public and private accounting?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
why you want to lecturer
What are the major components of country's trade account?
how to reduce the interesting giving to debts ?
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?
give me examples of the accounting reports you have prepared
What are the three factors that can affect your cash flow and business profitability?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
What methods do you use to discover sales opportunities?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
Explain purchase day book.
