Mr. Frederick is an executive in a private company. He has been working for a while...

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Mr. Frederick is an executive in a private company. He has been working for a while and decides to do some investment. Born in July 1981, he is thinking to invest through withdrawal from EPF under Account I. The total EPF saving for Mr. Frederick is RM 215,000. Using the table provided below, calculate the maximum amount that he can invest. He plans to invest semiannually from June 2021 until June 2022. Assume there are no new contributions paid into the above account during the 1 year period. Age (year) 30 31 32 33 34 35 The basic savings at various ages Basic Savings (RM) 29,000 33,000 37,000 41,000 45,000 50,000 Age (year) 36 37 38 39 40 41 Basic Savings (RM) 55,000 60,000 66,000 72,000 78,000 85,000 (12 marks) Mr. Frederick is an executive in a private company. He has been working for a while and decides to do some investment. Born in July 1981, he is thinking to invest through withdrawal from EPF under Account I. The total EPF saving for Mr. Frederick is RM 215,000. Using the table provided below, calculate the maximum amount that he can invest. He plans to invest semiannually from June 2021 until June 2022. Assume there are no new contributions paid into the above account during the 1 year period. Age (year) 30 31 32 33 34 35 The basic savings at various ages Basic Savings (RM) 29,000 33,000 37,000 41,000 45,000 50,000 Age (year) 36 37 38 39 40 41 Basic Savings (RM) 55,000 60,000 66,000 72,000 78,000 85,000 (12 marks)

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