Question: QUESTION 2 Fattah is charged RM15,000 for his medical eye treatment that he received from Southern Medical Centre. He intended to withdraw from his

QUESTION 2 Fattah is charged RM15,000 for his medical eye treatment that

QUESTION 2 Fattah is charged RM15,000 for his medical eye treatment that he received from Southern Medical Centre. He intended to withdraw from his EPF Account 2 to pay for the medical expenses. His total EPF savings in Account 2 was RM350,000 but he has much earlier submitted an application for withdrawal to purchase a condominium. He purchased the condominium for RM280,000 and obtained a housing loan for RM120,000. Thus, how much can he withdraw from his Account 2, given that paying medical expenses is his first priority and what will be the balance of his EPF Account 2 be then? Meanwhile, his wife Madam Fazzura is planning to buy an apartment for investment purposes. The price of the apartment was RM130,000. She obtained 95 percent financing from the bank. She had RM30,000 in her Account 2. She is also planning to withdraw her EPF to pay for her MBA fees which amounted to RM 16,000. How much can she withdraw from her Account 2, given that paying her MBA fees is her first priority and what will be the balance of her EPF Account 2 be then?

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