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An accountant for a corporation forgot to pay thefirm's income tax of $725,952.65 on time. The government charged a penalty of 7.2% interest for the
An accountant for a corporation forgot to pay thefirm's income tax of $725,952.65 on time. The government charged a penalty of 7.2% interest for the 49 days the money was late. Find the total amount(tax andpenalty) that was paid. Assume 365 days in a year.
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