Question: Sonia borrowed $ 3 3 5 1 . 0 0 compounded annually to help finance her education. She contracted to repay the loan in annual

Sonia borrowed $3351.00 compounded annually to help finance her education. She contracted to repay the loan in annual payments of $274.00 each, If the payments are due at the end of each yoar is 8% compounded annually, how long will Sonia have to make annual payments? State your answer in years and months (from 0 to 11 months);
Sonia will have to make payments for year(s) and months).

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