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Lionel has to pay a penalty for filing his taxes 18 months late. The IRS charges 1% in interest for each month the payment is
Lionel has to pay a penalty for filing his taxes 18 months late. The IRS charges 1% in interest for each month the payment is late. What is the interest rate on an annual basis? (Click to select) 16.68% .20% 12.00% 12.68% 112.68%
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