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
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.
