Dolly borrows $ 310000 on January 1, 2004 to be repaid in 12 annual installments at an effective annual rate of interest of 8 %. The first payment is due on January 1, 2005. Instead of annual payments she decides to make monthly payments equal to one-twelfth the annual payment beginning on February 1, 2004. Determine how many months will be needed to pay off the loan. (Round up to the nearest month.)

Total number of months = ?