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
- 14039 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 general entries for Deffered Tax?
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
Define bills receivable?
What GP resew of balance sheet taking.
In South Africa , the current rate for value added tax is ?
Why TDS not Deducted on Service tax amount of Rent.
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
What does the abbreviation m mean in accounting?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
what is share application money pending allotment?
Explain some of the accrued expenses and the accounts in which you would record them?
what are the voucher entries in tally for medical insurance
Tell me what do we mean by purchase return in accounting?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
