1. Woody's Café's real estate tax of $1,110.85 was due on November 1, 2013. Due to financial problem Woody was unable to pay his café's real estate tax bill until January 15, 2014. The penalty for lat payment is 81/4% ordinary interest. Answer the following questions: (a) how much is the penalty Woody must pay and (b) what did Woody pay on January 15? Round all answers to the nearest.

Solution PreviewSolution Preview

These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.

The first step is to count the number of days over the period. From November 1, 2013 to January 15, 2014, there are 29 + 31...

By purchasing this solution you'll be able to access the following files:

for this solution

PayPal, G Pay, ApplePay, Amazon Pay, and all major credit cards accepted.

Find A Tutor

View available Basic Math Tutors

Get College Homework Help.

Are you sure you don't want to upload any files?

Fast tutor response requires as much info as possible.

Upload a file
Continue without uploading

We couldn't find that subject.
Please select the best match from the list below.

We'll send you an email right away. If it's not in your inbox, check your spam folder.

  • 1
  • 2
  • 3
Live Chats