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Jack asked Jill to marry him, and she has excepted under one condition Jack must buy her a new $300,000 rolls Royce Phantom. Jack currently
Jack asked Jill to marry him, and she has excepted under one condition Jack must buy her a new $300,000 rolls Royce Phantom. Jack currently has $36,200 that he may invest. He has found a mutual fund with an expected annual return of 5.5% in which he will place the money. How long will it take Jack to windshields hand in marriage? Ignore taxes and inflation. The number of years it will take Jack to when Jill's hand in marriage is? (round to one decimal place)
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