You Are Late Paying a Bill for $11,200

Multiple Choice

You are late paying a bill for $11,200.66.You have made arrangements to pay off the bill in installments of $260 per month,and you will be charged monthly interest of 1.2% on the balance owing.How long will it take you to pay off the account balance? (round your answer to nearest month)

A) 61 months
B) 60 months
C) 62 months
D) 63 months
E) 64 months