Item4

Item 4

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 1.2% per month interest on the overdue balance.

If the current balance is $17,000, how long will it take for the account to be paid off?(Do not round intermediate calculations. Ensure to round up the final answer to the nearest whole number.)