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Problem 6 - 2 1 Calculating Number of Periods [ LO 3 ] One of your customers is delinquent on his accounts payable balance. You

Problem 6-21 Calculating Number of Periods [LO3]
One of your customers is delinquent on his accounts payable balance. Youve mutually agreed to a repayment schedule of $750 per month. You will charge 2.05 percent per month interest on the overdue balance. If the current balance is $19,500, 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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