One of your customers is delinquent on his accounts payable balance. You've mutually agreed to...
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One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $580 per month. You will charge 98 percent per month interest on the overdue balance. If the current balance is $14,800, 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.) ook rences Number of months 6 For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 5 ints Present Value Years 7 Annuity Payment $ 2,650 $ 1,475 S 13,205 $ 33,400 Interest Rate 10% 9 9 eBook 14 11 References 28 13
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