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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 1.40 percent per month interest on the overdue balance.
If the current balance is $13,000, how long will it take for the account to be paid off?
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For this assignment, you will be reviewing revenue cycle management and the various reimbursement methodologies that may affect the facility's or the provider's bottom line. Complete the following:
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