One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $600 per month. You will charge 1.0 percent per month interest on the overdue balance.
If the current balance is $14,820, 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.)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here