asked 84.0k views
2 votes
Suppose you invest 20000 at the age of 40, and agree to start receiving payments at the age of 50. At age 47, you decide you want to withdraw 7500 from your payments at the age of 50. The insurance company charges you 50% of the withdrawal. What is the surrender charge A:750.00, B:3750.00, C:2500,D:375

asked
User Acidernt
by
7.3k points

2 Answers

4 votes

Answer:

it is $3750.00

Explanation:

answered
User DonutGaz
by
8.0k points
4 votes

Answer: B 3750

Explanation:

answered
User Eike
by
8.3k points
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