Round All Answers to the Nearest Cent

question 61

Short Answer

Round all answers to the nearest cent. Woody's Café's real estate tax of $1,110.85 was due on November 1, 2017. Due to financial problems, Woody was unable to pay his café's real estate tax bill until January 15, 2018. The penalty for late payment is 8 1/4% ordinary interest. (A)What is the penalty Woody will have to pay and (B)what will Woody pay on January 15?

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Definitions:

Observable Behavior

Actions or reactions of an individual that can be seen and measured by others.

Cognitive Processes

Mental activities involved in acquiring, storing, and utilizing knowledge, including perception, memory, language, and decision-making.

Genetic Predispositions

The inherent susceptibility to certain traits, behaviors, or diseases based on one's genetic makeup.

Classical Conditioning

A method of learning through the recurrent association of two stimuli; a reaction that starts with the second stimulus is finally instigated by the first stimulus alone.