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How much is the penalty that must be paid

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Bijous Café's real estate tax of $1,110.85 was due on November 1, 2015. Due to financial problems, the owner was unable to pay the café's real estate tax bill until January 15, 2017. The penalty for late payment is 8 ¼ % ordinary interest. Answer the following questions

Problem a. How much is the penalty that must be paid?

Problem b. What did the café pay on January 15?

Reference no: EM132979606

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