One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment
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One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $350 per month. You will charge 1.3 percent per month interest on the overdue balance. If the current balance is $16,200, how long will it take for the account to be paid off?
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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