Question: Please use excel formula to answer the question. I will give you up after One of your customers is delinquent on his accounts payable balance

Please use excel formula to answer the question. I will give you up after

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? i $ Monthly payment Discount rate Current balance 5001 1.5% 18,000 $ Complete the following analysis. Do not hard code values in your calculations. Number of months until paid off =D6(1- +

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