Calculating number of periods

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Reference no: EM131452422

Calculating Number of Periods. 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 1.5 percent per month interest on the overdue balance. If the current balance is $18,000. how long will it take for the account to be paid off?

Reference no: EM131452422

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