Mathematics, 09.12.2021 19:30 aliviafrancois2000
At the age of 30, Jasmine started a retirement account with $50,000 which compounded interest 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 towards her grandchild’s college education. She had to pay a 10% penalty on the early withdrawal. What was her penalty? fill in the blank 1
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