Suppose that youand your friend both need to borrow the same amount of money.

• You borrow money from Bank A, which offersloans at an annual interest rate of 3.4% with continuous compounding.
• Your friend borrowsmoney fromBank B, which offers loans an annual interest rate of 3.4% with monthly compounding.

If both loanshave the same future value and the term of your loanis 103 months, whatis the term of your friend's loan (in months)?

Round your answer to the nearestmonth.