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Lionel has to pay a penalty for filing his taxes late. The IRS charges 4% in interest for each month the payment is late. Lionel's

Lionel has to pay a penalty for filing his taxes late. The IRS charges 4% in interest for each month the payment is late. Lionel's original tax bill was $3,000, but he now owes $4,803.1. How many years late is his payment? 12.0 years

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