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is the answer of first question is 62500
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is the answer of first question is 62500 Related: Chapter - Retiremen...
Calculation of Retirement Amount:
- The formula to calculate the retirement amount is:
Retirement Amount = Annual Expense / Withdrawal Rate

Given data:
- Annual Expense = 500000
- Withdrawal Rate = 8%

Calculation:
- Retirement Amount = 500000 / 0.08
- Retirement Amount = 6250000
Therefore, the retirement amount would be 6250000, not 62500 as mentioned in the question.
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is the answer of first question is 62500 Related: Chapter - Retiremen...
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is the answer of first question is 62500 Related: Chapter - Retirement, Important Questions, Accountancy, Class 12
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