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Business, 24.09.2019 02:30 orlandoreypot2491
One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $500 per month. you will charge 1.95 percent per month interest on the overdue balance. if the current balance is $18,500, how long will it take for the account to be paid off? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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