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Problem 4 - 1 9 Calculating Number of Periods One of your customers is delinquent on his accounts payable balance. You ve mutually agreed to

Problem 4-19 Calculating Number of Periods
One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $500 per month. You will charge 1.40 percent per month interest on the overdue balance.
If the current balance is $13,000, 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.)

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