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
- 4229 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 made you take up present subject/area of specialization and what would you define as your career objectives
how sales invoices adjusted against advance received from Debtor?
Do you know balancing in accounting?
What is fair value accounting?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
How can you define departmental accounting?
What is an interlocking accounting system?
Is it compulsary to give TOEFL for applying US visa.
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
examole of cash to cash contra entry
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
What are the functions of manger -accounts and manager-finance? Explain in detail
Tell us what is the abbreviation for the accounting terms debit and credit?
Key difference between indian accounting standards and international accounting standards is.
When Tds is applicable to deduct and wht is rate for different work panel?
