How long will it take for the account to be paid off

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Reference no: EM131905483

Calculating Number of Periods. One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $630 per month. You will charge 1.03 percent per month interest on the overdue balance. If the current balance is $14,850, 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.

Reference no: EM131905483

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