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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 4
Solve the application problems. Round dollar amounts to the nearest cent.
PENALTY ON UNPAID INCOME TAX On January 5, Helen Terry made an income tax payment that was due on September 15. The penalty was 11% simple interest on the unpaid tax of $2100. Find the penalty using exact interest. _____________
PENALTY ON UNPAID INCOME TAX On January 5, Helen Terry made an income tax payment that was due on September 15. The penalty was 11% simple interest on the unpaid tax of $2100. 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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