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Do the Math 17-2 Withdrawal Amount Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have accumulated $194,000 and $227,000, respectively, in their employer-sponsored
Do the Math 17-2 Withdrawal Amount Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have accumulated $194,000 and $227,000, 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a 6 percent rate of return over Ahmed and Aamina's anticipated 20 years of retirement, how large an amount could be withdrawn from the two accounts each month?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. Round Present Value of a Series of Equal Amounts in intermediate calculations to four decimal places. Round your answers to the nearest dollar. Ahmed could withdraw $ 1,389.8 . Aamina could withdraw $ 191,16 Hide Feedback Incorrect Check My Work Appendix A-4 Present Value of a series of Equal Amounts (an Annuity of $1 Received at the End of Each Period) (Used to compute the Discounted Present Value of a Stream of Income Payments) n 1% 2% 3% 4% 1 0.9901 0.9804 0.9709 0.9615 2 1.9704 1.9416 1.9135 1.8861 3 2.9410 2.8839 2.8286 2.7751 4 3.9020 3.8077 3.7171 3.6299 5 4.85344.71354.5797 4.4518 6 5.7955 5.6014 5.41725.2421 7 6.7282 6.4720 6.2303 6 .0021 8 7.6517 7.3255 7.0197 6.7327 9 8.5660 8.1622 7.7861 7.4353 109 .4713 8.9826 8.5302 8.1109 11 10.3676 9.7868 9.2526 8.7605 12 11.2551 10.5753 9.9540 9.3851 13 12.1337 11.3484 10.6350 9.9856 14 13.0037 12.1062 11.2961 10.5631 15 13.8651 12.8493 11.9379 11.1184 16 14.7179 13.5777 12.5611 11.6523 17 15.5623 14.2919 13.1661 12.1657 18 16.3983 14.9920 13.7535 12.6593 19 17.2260 15.6785 14.3238 13.1339 2018.0456 163514 14.8775 13.5903 21 18.8570 17.0112 15.4150 14.0292 22 19.6604 17.6580 15.9369 14.4511 23 20.4558 18.2922 16.4436 14.8568 24 21.2434 18.9139 16.9355 15.2470 25 22.0232 19.5235 17.4131 15.6221 26 22.7952 20.1210 17.8768 15.9828 27 23.5596 20.7069 18.3270163296 28 24.3164 21.2813 18.7641 16.6631 29 25.0658 21.8444 19.1885 16.9837 30 25.8077 22.3965 19.6004 17.2920 40 32.8347 27.3555 23.1148 19.7928 50 39.1961 31.4236 25.7298 21.4822 5% 6% 09524 0.9434 1.8594 1.8334 2.7232 2.6730 3.5460 3.4651 4.3295 4.2124 5.07574.9173 5.7864 5.5824 6.4632 6.2098 7.1078 6.8017 7.7217 7.3601 8.3064 7.8869 88633 8.3838 9.3936 8.8527 9.8986 9.2950 10.3797 9.7122 10.8378 10.1059 11.2741 10.4773 11.6896 10.8276 12.0853 11.1581 12.4622 11.4699 12.82 12 11.7641 13.1630 12.0416 13.4886 12.3034 13.7986 12.5504 14.093912.7834 14.3752 13.0032 14.6430 13.2105 14.8981 13.4062 15.1411 13.5907 153725 13.7648 17.1591 15.0463 18.2559 15.7619 7% 8% 0.9346 09259 1.8080 1.7833 2.6243 2.5771 3.3872 3.3121 4.1002 3.9927 4.7665 4.6229 53893 5.2064 5.9713 5.7466 6.5152 6.2469 7.0236 6.7101 7.4987 7.1390 7.9427 7.5361 8.3577 7.9038 8.74558.2442 9.10798.5595 9.4466 8.8514 9.7632 9.1216 10.0591 9.3719 10.3356 9.6036 10.5940 9.8181 10.8355 10.0168 11.0612 10.2007 11.2722 10.3711 11.4693 10.5288 11.6536 10.6748 11.8258 10.8100 11.9867 10.9352 12.1371 11.0511 12.2777 11.1584 12.4090 11.2578 13.3317 11.9246 13.8007 12.2335 9% 10% 11% 12% 0.9174 0.9091 0.900908929 1.7591 1.7355 1.7125 1.6901 2.5313 2.4869 2.44372.4018 3.2397 3.1699 3.1024 3.0373 3.8897 3.7908 3.6959 3.6048 4.4859 4.3553 4.2305 4.1114 5.0330 4.8684 4.7122 4.5638 5.5348 5.33495.1461 4.9676 5.9952 5.7590 5.5370 5.3282 6.4177 6.1446 5.8892 5.6502 6.8052 6.4951 6.2065 59377 7.1607 6.8137 6.4924 6.1944 7.4869 7.1034 6.7499 6.4235 7 78627.3667 6.9819 6.6282 8.0607 7.6061 7.19096.8109 8.3126 7.8237 7.3792 6.9740 8.5436 8.0216 7.5488 7.1196 8.7556 8.2014 7.7016 7.2497 8.9501 8.3649 7.8393 73658 9.1285 8.5136 7 9633 7.4694 9.2922 8.648780751 7.5620 9.4424 8.7715 8.1757 7.6446 9.5802 88832 8.2664 7.7184 9.7066 89847 8.3481 7.7843 9.8226 9.07708.4217 7.8431 9.92909.1609 8.4881 7.8957 10.0266 9.2372 8.5478 7.9426 10.1161 9.3066 8.6016 7.9844 10.1983 9.3696 8.6501 8.0218 10.2737 9.4269 8.6938 8.0552 10.7574 9.7791 89511 8.2438 10.9617 9.9148 9.0417 83045 13% 14% 15% 16% 17% 18% 19% 20% 0.8850 0.8772 0.8696 0.8621 0.8547 0.8475 0.8403 0.8333 1.6681 1.6467 1.6257 1.6052 1.5852 1.5656 1.5465 1.5278 2.3612 2.3216 2.2832 2.2459 2.2096 2.1743 2.1399 2.1065 2.9745 2.9137 2.8550 2.7982 2.7432 2.6901 2.6386 2.5887 3.5172 3.4331 3.3522 3.27433.1993 3.1272 3.0576 2.9906 3.9975 3.8887 3.7845 3.6847 3.5892 3.4976 3.4098 3.3255 4.4226 4.2883 4.1604 4.0386 3.9224 3.8115 3.7057 3.6046 4.7988 4.6389 4.4873 4.3436 4.2072 4.0776 3.9544 3.8372 5.1317 4.9464 4.7716 4.6065 4.4506 4.3030 4.1633 4.0310 5.4262 52161 5.0188 4.83324.6586 4.4941 4.3389 4.1925 5.6869 5.4527 5.2337 5.0286 4.8364 4.6560 4.4865 4.3271 59176 5.6603 5.42065.1971 4.9884 4.7932 4.6105 4.4392 6.1218 5.8424 5.5831 5.3423 5.11834.9095 4.7147 4.5327 6.3025 6.0021 5.7245 5.4675 5.2293 5.00814.8023 4.6106 6.4624 6.1422 5.8474 5.5755 5.3242 5.0916 4.8759 4.6755 6.60396.2651 5.9542 5.6685 5.4053 5.1624 4.9377 4.7296 6.7291 6.37296.0472 5.7487 54746 5.2223 4.9897 4.7746 6.8399 6.4674 6.1280 5.8178 55339 5.27325.0333 4.8122 6.9380 6.5504 6.1982 5.8775 5.5845 5.31625.0700 4.8435 7.0248 6.6231 6.2593 5.9288 5.6278 5.3527 5.10094.8696 7.10166.68706.3125 5.9731 5.6648 5.3837 5.1268 4.8913 7.1695 6.7429 6.3587 6.0113 5.6964 5.4099 5.1486 4.9094 7.2297 6.7921 6.3988 6.0442 5.7234 5.4321 5.1668 49245 7.28296.8351 6.4338 6.0726 5.7465 5.45095.1822 4.9371 7.3300 6.8729 6.4641 6.0971 5.7662 5.4669 5.1951 4.9476 7.3717 6.9061 6.4906 6.1182 5.7831 5.4804 5.2060 4.9563 7.4086 6.9352 6.5135 6.1364 5.7975 5.49195.2151 4.9636 74412 69607 6.5335 6.1520 5.8099 5.5016 5.2228 4.9697 7.4701 6.9830 6.55096.1656 5.8204 5.5098 5.2292 4.9747 7.4957 7.0027 6.5660 6.1772 5.8294 5.5168 5.2347 4.9789 7.6344 7.1050 6.6418 6.2335 5.8713 5.5482 5.2582 4.9966 7.6752 7.1327 6.6605 6.2463 5.8801 5.5541 5.2623 4.9995
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