What is the penalty woody will have to pay

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Question: Please answer this question asap, thank you. Round all answers to nearest cent. Woody's Cafe Real Estate tax of $1,110.85 was due on November 1, 2011. Due to financial problems Woody was unable to pay his cafe real estate tax bill until January 15, 2012. The penalty for late payment is 8 1/4% ordinary interest.

(a) What is the penalty Woody will have to pay and

(b) what will Woody pay on January 15?

Reference no: EM132041506

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