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Problem 4 - 1 9 Calculating Number of Periods One of your customers is delinquent on his accounts payable balance. You ve mutually agreed to
Problem Calculating Number of Periods
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.
If the current balance is $ how long will it take for the account to be paid off? Do not round intermediate calculations and round your answer to decimal places, eg
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