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(Solution) - Calculating Number of Periods One of your customers is delinquen

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Calculating Number of Periods One of your customers is delinquent on his accounts payable balance. You?ve mutually agreed to a repayment schedule of $300 per month. You will charge .9 percent per month interest on the overdue balance. If the current balance is $17,000, how long will it take for the account to be paid off?


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This question was answered on: Jul 11, 2017

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