Henry Black's Property Taxes of $1,726 Were Due on September $7 \frac { 3 } { 4 } \%$

question 123

Short Answer

Henry Black's property taxes of $1,726 were due on September 12. The municipality charges a $7 \frac { 3 } { 4 } \%$ simple interest penalty, calculated by the ordinary interest method, for the time the payment is late. Henry paid the taxes on October 20. What was the amount of his payment? (Round to the nearest cent)

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Definitions:

FOB Shipping Point

A term indicating that the buyer assumes responsibility for the goods and the transportation costs at the point of origin.

Accounts Receivable-Stanton

Likely refers to the amounts due to a business (possibly named Stanton) from its customers for goods or services delivered on credit.

Delivery Expense

Costs incurred by a company to transport its goods to customers, including shipping fees, packaging, and logistics services.

FOB Shipping Point

is a shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs at the point of departure from the seller's location.