Lush Gardens Co. bought a new truck for $52,000. It paid $5,720 of this amount as a down payment and financed the balance at 4.08% compounded semi-annually. If the company makes payments of $1,700 at the end of every month, how long will it take to settle the loan?

a. How many deposits will the company have to make to settle the loan? Round up to the next whole number

b. How long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period