Question:

One of your customers is delinquent on his accounts payable

Last updated: 10/14/2023

One of your customers is delinquent on his accounts payable

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