Determine the penalty amount

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Problem 1: In cell H3, use the VLOOKUP function to determine the penalty amount. The penalty amount is based on the total past due balance. Look up the value of the total past due balance in the table found below the list of accounts payable. Apply the percentage of the penalty to the total past due balance to determine the penalty amount. Format values as Currency, no decimals.

Reference no: EM132695266

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