Monthly payments were originally calculated to repay a $32,000 loan

at 8.2% compounded monthly over a 11-year period. After one year, the debtor took advantage of an option in the loan contract to increase the loan payments by 15%. How much sooner will the loan be paid off? (Do not round intermediate calculations. Round up the number of payments.)
The loan will be paid off......... year(s) and.............. month(s) sooner.

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