Please use excel formula as answer.

Styles E F G H I 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 1.5 percent per month interest on the overdue balance. If the current balance is $18,000, how long will it take for the account to be paid off? A Monthly payment Discount rate Current balance 500 1.5% 18,000 $ Complete the following analysis. Do not hard code values in your calculations. Number of months until paid off Prey 5 of 10 Next >