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Jeremy and Bill each have $59,279 to invest in a retirement account whose annual rate is 3.3% with monthly compounding. Jeremy invests his money all
Jeremy and Bill each have $59,279 to invest in a retirement account whose annual rate is 3.3% with monthly compounding. Jeremy invests his money all at once, whereas Bill decides to make 184 monthly deposits (of the same amount). How many months will Jeremy need to wait in order to have the same amount that Bill will have immediately after his last deposit?
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