For his business, Nicholas leased equipment valued at $29,000. The terms of the lease required payments of $1650 every month. If the first payment is due fifteen months after the lease was signed and interest is 4% compounded quarterly, what is the term of the lease? State your answer in years and months (from 0 to 11 months). www The term of the lease is year(s) and month(s). (Type whole numbers.)