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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 0.88 percent per month interest 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. 2.00 years b. 2.68 years c. 2.75 years d. 31.30 years e. 2.61 years
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