Withdrawal Amount. Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have accumulated $200,000 and $220,000,

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Withdrawal Amount. Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have accumulated

$200,000 and $220,000, respectively, in their employer-sponsored retirement plans. If the amounts in their two accounts earn a 6 percent rate of return over Ahmed and Aamina’s anticipated 20 years of retirement, CHAPTER 17 Retirement and Estate Planning 561 how large an amount could be withdrawn from the two accounts each month? Use the Garman/Forgue companion website or Appendix A-4 to make your calculations.

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Personal Finance Tax Update

ISBN: 9780357438947,9780357438930

13th Edition

Authors: E. Thomas Garman , Raymond Forgue

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