Question: How is the correct answer 28 years and how do you get it. step by step plz Karmen borrowed $4174.00 compounded annually to help finance

How is the correct answer 28 years and how do you

How is the correct answer 28 years and how do you get it. step by step plz

Karmen borrowed $4174.00 compounded annually to help finance her education. She contracted to repay the loan in annual payments of $312.00 each. If the payments are due at the end of each year and interest is 6% compounded annually, how long will Karmen have to make annual payments? State your answer in years and months (from 0 to 11 months). Karmen will have to make payments for 28 year(s) and o month(s)

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