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One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $ 5 0 0 per month.

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 1.4 percent per month interest on the overdue balance.
Required: If the current balance is $17,340, how long will it take for the account to be paid off? (Do not use rounded numbers in intermediate calculations. Round your answer to 2 decimaal places.)

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