Customers is delinquent on his accounts payable balance

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Reference no: EM13951412

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $510 per month. You will charge .91 percent per month interest on the overdue balance. Required: If the current balance is $14,730, how long will it take for the account to be paid off?

Reference no: EM13951412

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Customers is delinquent on his accounts payable balance : One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $510 per month. You will charge .91 percent per month interest on the overdue balance. Required: If the current balance is $14,730,..

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