(Related to Checkpoint 5.5) (Solving for n ) 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 $21,200 that he may invest. He has found a mutual fund with an expected annual return of 6.5 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. The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.) (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow threefold if it were invested at 8 percent compounded weekly? Assume that you invest $1 today. If you invest $1 at 8 percent compounded weekly, about how many years would it take for your investment to grow threefold to $3 ? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.) (Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $385,000 due in 27 years. In other words, they will need $385,000 in 27 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 7 percent, what is the present value of the liability? If the appropriate discount rate is 7 percent, the present value of the $385,000 liability due in 27 years is $. (Round to the nearest cent.)