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Woody's Cafe's real estate tax of $1,110.85 was due on November 1, 2013. Due to financial problems, Woody was unable to pay cafe's real estate
Woody's Cafe's real estate tax of $1,110.85 was due on November 1, 2013. Due to financial problems, Woody was unable to pay cafe's real estate tax bill until January 15, 2014. The penalty for late payment is 8 1/4% ordinary interest. Answer the following questions (a) how much is the penalty Woody must pay and (b) what did Woody pay on January 15? Round all answers to the nearest cent.
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