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One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 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 $500 per month. You will charge 0.9percent per month interest on the overdue balance. If the current balance is 14720, it will take _____________ months for the account to be paid off.
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