Ask Question
2 April, 11:33

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

+3
Answers (1)
  1. 2 April, 11:46
    0
    N=log ((1-14,880*0.0106:660) ^ (-1)) : log (1+0.0106) = 25.9 months
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per month. you ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers