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1 . An accountant forgot to pay the firm's taxes on time. The tax bill was $ 3 0 , 7 5 3 . The

1. An accountant forgot to pay the firm's taxes on time. The tax bill was $30,753. The government charged a penalty based on an annual interest rate of 4.49% for the 40 days the money was late. Assume there are 365 days in the year.
Find the total amount that had to be paid (tax + penalty).
Enter a number rounded to two decimal places.
2. A person deposits $1,758 in an account that pays 5.61% interest per year. Interest is compounded 8 times per year. The money remains in the account for 7 years.
How many compounding periods are there during the time the money remains in the account?
Enter a whole number.

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