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Problem 5-21 Calculating Number of Periods [LO 2] One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment

Problem 5-21 Calculating Number of Periods [LO 2] One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $640 per month. You will charge 1.04 percent per month interest on the overdue balance. If the current balance is $14,860, 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.) Number

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