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6 January, 11:44

One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per month. you will charge 1.06 percent per month interest on the overdue balance. if the current balance is $14,880, how long will it take for the account to be paid off

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  1. 6 January, 14:50
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    N=log ((1-14,880*0.0106:660) ^ (-1)) : log (1+0.0106) = 25.9 months
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