Question
You contribute $1,000 annually to a retirement account for eleven years and stop making payments at the age of 45. Your twin brother (or sister
You contribute $1,000 annually to a retirement account for eleven years and stop making payments at the age of 45. Your twin brother (or sister . . . whichever applies) opens an account at age 45 and contributes $1,000 a year until retirement at age 65 (20 years). You both earn 10 percent on your investments. How much can each of you withdraw for 15 years (that is, ages 66 through 80) from the retirement accounts? Round your answers to the nearest dollar.
You can withdraw $ . Your twin can withdraw $
(The answers 29,253 and 10,579 were incorrect)
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