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
- 4269 Views
- I also Faced
- E-Mail Answers
Answer Posted / seshu
20,750
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
What is accrual accounting?
Account for letter of credit in the books?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What is fitting and fixtures?
What are the columns of a journal?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
Explain what are the accounting events that are frequently involved in compound entries?
Explain what knowledge should financial accountant have?
Tell me what are the activities that includes in cash flow statement?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
total assets are equal to total liabilities in final accounts ?why?
how calculate intrest on advance tax ? and penalty on vat?
what is differnce between balance sheet of a bank & a company
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
