Question
One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $868 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 $868 per month. You will charge 4percent per month interest on the overdue balance.If the current balance is $16,057, how many monthswill it take for the account to be paid off?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
