Question:
One of your customers is delinquent on his accounts payable
Last updated: 10/14/2023
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One of your customers is delinquent on his accounts payable balance You ve mutually agreed to a repayment schedule of 450 per month You will charge 1 3 percent per month interest on the overdue balance If the current balance is 18 000 how long will it take for the account to be paid off