You contribute $2,000 annually to a retirement account for ten years and stop making payments at the age of 40. Your twin brother (or sister ... whichever applies) opens an account at age 40 and contributes $2,000 a year until retirement at age 65 (25 years). You both earn 9 percent on your investments. How much can each of you withdraw for 15 years (that is, ages 66 through 80) from the retirement accounts? Use Appendix A, Appendix C, and Appendix D to answer the question. Round your answers to the nearest dollar.

You can withdraw $......?

Your twin can withdraw $......?

appendix A

appendix C

appendix D

Interest Factors for the Future Value of One Dollar I fine Periad fer = ifterestractors for the Future Value of an Annuity of One Dollar: Time Period ferg. Interest Factors for the Present Value of an Annuity of One Dollar