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One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $869 per month. You will charge
One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $869 per month. You will charge 3.5 percent per month interest on the overdue balance. If the current balance is $22,458, how many months will it take for the account to be paid off? (found 2 decimal places)
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