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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

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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? 500 1 Monthly payment Discount rate Current balance 1.5% 18,000 Complete the following analysis. Do not hard code values in your calculations. Number of months until paid off il paid off Number of more entil paid of The

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