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You own a small business and one of your customers has a delinquent accounts payable balance of $ 13000 . Youve agreed to a monthly
You own a small business and one of your customers has a delinquent accounts payable balance of $13000. Youve agreed to a monthly payment schedule. If you charge 2.20% interest per month, calculate the monthly payment necessary to pay off the $13000 account balance in 4 years.
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