Diane owes $11901.00 to the bank after completing her college degree. With the funds from her new job she is paying back $153.00 per month. Her friend Teresa was given $4906.00 in the bank for college from her family, and she is spending $337.00 per month out of this college fund. If these were continuous functions, after how many months will Diane have the same bank balance than Teresa, rounded to the nearest tenth

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On average, parents pay 10% of the total amount due with borrowed funds; students cover 14% with student loans and other debt-forming sources. The remaining 29% of the cost of college is mostly covered by scholarships and grants won by the student: 17% by scholarships and 11% by grants.

Answer: It will take her 2.4 months

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