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One of your customers is delinquent on his accounts payable balance. You ve mutually agreed to a repayment schedule of $ 5 0 0 per
One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $ per month. You will charge percent per month interest on the overdue balance.
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If the current balance is $ how long will it take for the account to be paid off? Do not use rounded numbers in intermediate calculations. Round your answer to decimal places eg
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