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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 177
Solve the application problems. Round dollar amounts to the nearest cent.
PENALTY ON UNPAID PROPERTY TAX Joe Simpson's property tax is $3416.05 and is due on April 15. He does not pay until July 23. The county adds a penalty of 9.3% simple interest on his unpaid tax. Find the penalty using exact interest. _____________
PENALTY ON UNPAID PROPERTY TAX Joe Simpson's property tax is $3416.05 and is due on April 15. He does not pay until July 23. The county adds a penalty of 9.3% simple interest on his unpaid tax. Find the penalty using exact interest. _____________
Explanation
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If we consider the unpaid tax as a loan,...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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