Question 9 (of 9) Sa Time renm value: 10.00 points Problem 6-21 Calculating Number of Periods [LO3] 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 1.6 percent per month interest on the overdue balance If the current balance is $15,000, 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.) Months for account to be paid off References eBook & Resources Section: 6.2 Valuing Level Cash Flows: Annuities Perpetuities Worksheet Difficulty: Basic Problem 6-21 Calculating Number of Periods [LO3] Learning Objective: 06-03 How loans are amortized or paid off