3 years ago

The amount borrowed when taking out a loan

Business

1 answer:

ankoles [38]3 years ago

6 0

Answer:

What is the cost of borrowing?

The maximum amount participants may borrow from their plan is 50% of the vested account balance or $50,000, whichever is less. If the vested account balance is less than $10,000, you can still borrow up to $10,000.

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