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You are late paying a bill for $8,435.93. You have made arrangements to pay off the bill in installments of $200 per month, and
You are late paying a bill for $8,435.93. You have made arrangements to pay off the bill in installments of $200 per month, and you will be charged monthly interest of 1.1% on the overdue balance. How many months will it take you to pay off the account balance? How many months will it take you to pay off the account balance?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
