Theresa borrowed $3248.00 compounded annually to help finance her education. She contracted to repay the loan in annual payments of $280.00 each. If the payments are due at the end of each year and interest is 6% compounded annually, how long will Theresa have to make annual payments? State your answer in years and months (from 0 to 11 months). Theresa will have to make payments for year(s) and month(s). Theresa borrowed $3248.00 compounded annually to help finance her education. She contracted to repay the loan in annual payments of $280.00 each. If the payments are due at the end of each year and interest is 6% compounded annually, how long will Theresa have to make annual payments? State your answer in years and months (from 0 to 11 months). Theresa will have to make payments for year(s) and month(s)