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Anna just borrowed 105,754 dollars. She plans to repay this loan by making a special payment of 24,989 dollars in 3 years and by making regular annual payments of 14,150 dollars per year until the loan is paid off. If the interest rate on the loan is 15.25 percent per year and she makes her first regular annual payment of 14,150 dollars immediately, then how many regular annual payments of 14,150 dollars must Anna make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Reference no: EM132541267

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