Business, 09.09.2021 23:10 calvinclifton
You fail to pay your annual property taxes on the November 30 deadline. The tax was $1,482.65.
You are charged a one-time 8% penalty plus 12% simple interest on the amount of the unpaid tax
(exclusive of the one-time 8% penalty). Calculate your APR, assuming you pay on the following
February 23. Use a 365-day year and express the rate to the nearest tenth of a percent.
Answers: 2
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You fail to pay your annual property taxes on the November 30 deadline. The tax was $1,482.65.
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