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How long will it take for the account to be paid off

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Question - One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $690 per month. You will charge 1.09% per month interest on the overdue balance. If the current balance is $14,910, how long will it take for the account to be paid off?

Reference no: EM132846429

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