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Jeremy and Bill each have $ 9 2 , 1 4 0 to invest in a retirement account whose annual rate is 3 . 5

Jeremy and Bill each have $92,140 to invest in a retirement account whose annual rate is 3.5% with monthly compounding.
Jeremy invests his money all at once, whereas Bill decides to make 240 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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