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
- 14279 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
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
how much cash transaction to single transport company per day and also per year
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
what are your current financial and accounting projects? What is your role?
What is an Automatic Payment Program ?
What is an ea in accounting?
what is the basic difference between pooling of interest method and purchase method in amalgamation
What do u mean by press releases
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
Explain what does the standard journal entry includes?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
all ques. related to accounts?
what is core accounting?
What is the difference between consigner and consignee?
