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QUESTION 5 Adibah Alawiyah plans to buy a house in Puncak Alam which cost RM550,000. She is eligible to obtain financing from the bank
QUESTION 5 Adibah Alawiyah plans to buy a house in Puncak Alam which cost RM550,000. She is eligible to obtain financing from the bank for RM490,000. Currently, she has a balance of RM200,000 in her Employees Provident Fund (EPF) Account II. Adibah Alawiyah is also pursuing her Doctor in Business Administration (DBA) at University Teknologi Mara, Shah Alam. She is planning to use her EPF to pay her tuition fees of RM12,400. Compute the eligible amount of withdrawal from EPF Account II for Adibah Alawiyah's housing (being her priority) and education purposes. (10 marks)
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