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An accountant for a corporation forgot to pay the firm's income tax of $725,718.66 on time. The government charged a penalty of 7.3% interest for
An accountant for a corporation forgot to pay the firm's income tax of $725,718.66 on time. The government charged a penalty of 7.3% interest for the 41 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year.
The total amount paid was $______
(Round to the nearest cent as needed.)
FV=PV(1+rt).
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