Question
9. One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $600 per month. You will
9. One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $600 per month. You will charge 1.0 percent per month interest on the overdue balance.
f the current balance is $14,820, how long will it take for the account to be paid off?
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International Finance For Non Financial Managers
Authors: Dora Hancock
1st Edition
0749480017, 9780749480011
