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c D H One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 per month.

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c D H 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 1.5 percent per month interest on the overdue balance. If the current balance is $18,000, how long will it take for the account to be paid off? 4 un 6 7 Monthly payment Discount rate Current balance 500 1.5% 18,000 8 $ 9 10 11 Complete the following analysis. Do not hard code values in your calculations. 12 13 Number of months until paid off 14

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