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Business, 06.03.2020 16:30 djfluffyman999
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 1.4 percent per month interest on the overdue balance. If the current balance is $16,000.58, it will take months for the account to be paid off.
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