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Jack needs $300,000 for a luxury car. Jack currently has $18,130 to invest. He has found a mutual fund with an expected annual return of

Jack needs $300,000 for a luxury car. Jack currently has $18,130 to invest. He has found a mutual fund with an expected annual return of 7.5% in which he will place the money. How long will it take to earn the $300,000?

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