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One of your customers is delinquent on his accounts payable balance. You have mutually agreed on a repayment schedule of 400$ per month. You will
One of your customers is delinquent on his accounts payable balance. You have mutually agreed on a repayment schedule of 400$ per month. You will charge 1.1. percent interest on the overdue balance. If the current balance is 16450$, how long will it take for the account to be paid off?
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