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QUESTION
Jackson's property tax is $692.79 and is due April 20. He does not pay until July 30. The county adds a penalty of 7.3% simple interest on unpaid...
Jackson's property tax is $692.79 and is due April 20. He does not pay until July 30. The county adds a penalty of 7.3% simple interest on unpaid tax. Find the penalty Jackson will pay. Round to the nearest cent.
