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.)
◦ 61 months
◦ 60 months
◦ 62 months
◦ 63 months
◦ 64 months