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One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $540 per month. You will charge
One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $540 per month. You will charge .94 percent per month interest on the overdue balance. |
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If the current balance is $14,760, how long will it take for the account to be paid off? (Do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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