Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. helen plans to travel to australia after 8 years f

Helen plans to travel to Australia after 8 years from now, as then she will...

60.1K

Verified Solution

Question

Accounting

Helen plans to travel to Australia after 8 years from now, as then she will turn 30. When she starts her travel, she wants to be able to withdraw 6125 from her bank account. Calculate the amount she now has to deposit in her bank account. The interest rate is 1,5 % (p.a.) and the tax at source rate is 30 %.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

12.0 L container of sulfur dioxide has a pressure of 285 Torr T -110oC. What mass...

Electrical Engineering
1.2K views

6.9 A3 Ï•, 11 kV, 60 Hz, 25 MVA, Y-connected cylindrical-rotor synchronous machine generator has Ra =...

Accounting
1.2K views

creating a journal v he following were selected from among the transactions completed by Babcock Company during November...

Basic Math
1.2K views

Solve For X and Y Y Ox 40 and y 80 Ox 15 and y...

Basic Math
1.2K views

Help nts of a trigonometric function of 0 depends on the Select in on whi...

Statistics
1.2K views

Step 2 This is a binomial experiment with n 18 trials Let a success be...

Calculus
1.2K views

65 A family of curves has polar equations 1 a cos 0 1 a cos...

Accounting
1.2K views

Question 5: The Cambridge Club is a football club...

Accounting
1.2K views

Part 3 Notes receivable (Interest-bearing note); financial statement effects On June 30,2024, the...

Accounting
1.2K views

Stephanie Barnes and Layla Taylor formed a partnership, Design Pros Imaging, last May. Each person...

Accounting
1.2K views

Which of the following is a benefit of a just-in-time (JIT) system? Multiple Choice Scrap...

Accounting
1.2K views

Decision by Blades, Inc., to Invest in Thailand Since Ben Holt, Blades' chief financial officer,...