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24 January, 15:23

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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Answers (1)
  1. 24 January, 18:05
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    Answer: $1500.00
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