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One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $910 per month. You will charge
One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $910 per month. You will charge an APR of 22.99% with monthly compounding on the overdue balance. If the current balance is $24,800, how long will it take for the account to be paid off? Select one: a. 3.24 years b. 2.61 years C. 2.68 years d. 2.75 years e. 2.52 years
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