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(Solving forn) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330,000 Rolls-Royce Phantom. Jack

(Solving forn)

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

$330,000

Rolls-Royce Phantom. Jack currently has

$62,320

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

4percent 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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