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Problem 7-28 You contribute $2,000 annually to a retirement account for nine years and stop making payments at the age of 40. Your twin brother (or sister whichever applies) opens an account at age

Problem 7-28 You contribute $2,000 annually to a retirement account for nine years and stop making payments at the age of 40. Your twin brother (or sister whichever applies) opens an account at age 40 and contributes $2.000 a year until retirement at age 65 (25 years). You both earn 9 percent on your investments. How much can each of you withdraw for 20 years (that is, ages 66 through 85) from the retirement accounts Use Appendix A. Appendix C, and Appendix to answer the question. Round your answers to the nearest dollar You can withdraws Your twin can withdraw 5

Apr 19 2021 View more View Less

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