Question
Elly has RM350,000 and RM128,000 in her EPF Account 1 and Account 2 respectively by June 2022. She has intended to invest only RM10,000 of
Elly has RM350,000 and RM128,000 in her EPF Account 1 and Account 2 respectively by June 2022. She has intended to invest only RM10,000 of her EPF money in one of the trust funds approved by EPF. She would be 40 years old this coming 1 August 2022 and her required basic savings is RM86,000. Meanwhile, she has also intended to withdraw some money from her EPF for the following usage:
Knee Injury Requiring Surgery RM25,000 Tuition fees for daughters degree program at UniKL RM17,000 Elly has decided to do all these investment and withdrawals by the end of August 2022.
Compute the following: i) The maximum amount that Elly can actually invest.
ii) The total amount of withdrawal. iii) Ellys EPF Account 1 and Account 2 balance by end of 31 August 2022 assuming there
will be no further contributions made since June 2022.
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