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Mathematics, 29.04.2021 16:30 makeithappen60

At the age of 30, Jasmine started a retirement account with $50,000, which compounded semi-annually with an APR of 1.75%. She made no further deposits. After 25 years, she decided to withdraw 50% of what had accumulated in the account so that she could contribute toward her grandchild's college education. She had to pay a 10% penalty on the early withdrawal. What was her penalty?

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At the age of 30, Jasmine started a retirement account with $50,000, which compounded semi-annually...

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