One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $600 per month. You will charge 1.0 percent per month interest on the overdue...


























One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $600 per month. You will charge 1.0 percent per month interest on the overdue balance.



If the current balance is $14,820, how long will it take for the account to be paid off?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)










Number of months




Jun 07, 2022
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