Over the years, Sam & Sue have accumulated $400,000 and $500,000, respectively, in their employer-sponsored retirement plans. If the amounts in their two accounts earn a 7% rate of return over Sam & Sue's anticipated 25 years of retirement, how large an amount could be withdrawn from the two accounts each month? Use Appendix A-4 to make your calculations. Sam could withdraw $34,324 & Sue could withdraw $42,905 Sam could withdraw $2,860 & Sue could withdraw $3,575 Sam could withdraw $1,333 & Sue could withdraw $1,667 each month Sam & Sue could both withdraw $1,500 monthly

Over the years, Sam \& Sue have accumulated $400,000 and $500,000, respectively, in their employer-sponsored retirement plans. If the amounts in their two accounts earn a 7% rate of return over Sam \& Sue's anticipated 25 years of retirement, how large an amount could be withdrawn from the two accounts each month? Use Appendix A-4 G to make your calculations. Sam could withdraw $34,324 \& Sue could withdraw $42,905 Sam could withdraw $2,860 \& Sue could withdraw $3,575 Sam could withdraw $1,333 \& Sue could withdraw $1,667 each month Sam \& Sue could both withdraw $1,500 monthly Present Value of a Series of Equal Amounts (an Annuity of \$1 Received at the End of Each Period) (Used to Compute the