27 Suppose you can delay your $1 500 tax payment now and pay tax of $1 800...
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27 Suppose you can delay your $1 500 tax payment now and pay tax of $1 800 in one year plus a penalty of $50. What interest rate must you earn to make it worthwhile to delay paying your tax for a year?
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Fundamentals Of Finance
ISBN: 9780994132529
4th Edition
Authors: Andrea Bennett, Jenny Parry, Carolyn Wirth
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