Question: I'm using a BAII plus Calculator I'd like the steps needed as well. One of your customers is delinquent on his accounts payable balance. Youve

I'm using a BAII plus Calculator I'd like the steps needed as well.

One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $596per month. You will charge 1.2 % per month interest on the overdue balance. If the current balance is $10754, how manyyearswill it take for the account to be paid off?(round your final answer to 1 decimal place)

Years:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!