If you save $1,300at the beginning of every year for eight years, for how long can you withdraw $1,980 at the beginning of each year starting eight years from now, assuming that interest is 8%compounded annually?

State your answer in years and months (from 0 to 11 months).

You can withdraw $1,980 for ___ year(s) and ____ month(s).

(Type whole numbers.)