Suppose you invest $15,000 at the age of 35, and agree to start receiving
payments at the age of 45. At age 41, you decide you want to withdraw $5000
from your account. The insurance company charges you 30% of the
withdrawal. What is the surrender charge?
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Home » Mathematics » Suppose you invest $15,000 at the age of 35, and agree to start receiving payments at the age of 45. At age 41, you decide you want to withdraw $5000 from your account. The insurance company charges you 30% of the withdrawal.