QUESTION 1 AZMAN and RITA plan to invest using their EPF withdrawal scheme. AZMAN and RITA's EPF
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QUESTION 1
AZMAN and RITA plan to invest using their EPF withdrawal scheme. AZMAN and RITA's EPF account has a total of RM395,000 and RM145,000 respectively. AZMAN is born in November 1975 and RITA just turned 38 years old in March. Assume that there are no contributions made to the member's account. Refer to the table below on the basic savings for an individual. Using the table provided below, calculate the maximum amount that they can invest for 1 year starting October 2016 until October 2017.
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