Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new

$320,000

Rolls-Royce Phantom. Jack currently has

$19,730

that he may invest. He has found a mutual fund with an expected annual return of

8

percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation.

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Part 1

The number of years it will take for Jack to win Jill's hand in marriage is

enter your response here

years. (Round to one decimal place.)