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
- 11682 Views
- I also Faced
- E-Mail Answers
Answer Posted / yash singh
14824.93
| Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet
Who created snapit accounting?
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
Explain what is liabilities and what all does include in current liabilities?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
What is the difference between consigner and consignee?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
what is cost unit n what is cost sheet?
What do you mean by Bill of Exchnage.How to manage ? Explain
Explain me is any difference between inactive and dormant accounts?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
