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Lionel has to pay a penalty for filing his taxes late. The IRS charges 2% in interest for each month the payment is late. Lionel's

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Lionel has to pay a penalty for filing his taxes late. The IRS charges 2% in interest for each month the payment is late. Lionel's original tax bill was $8,000, but he now owes $12,867.5. How many years late is his payment? 2.2 years *

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