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One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to...

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Accounting

One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $400 per month. You will charge 1.4 percent per month interest on the overdue balance. If the current balance is $14,480, how long will it take for the account to be paid off? _____ months

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