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Determining the expected annual return

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Please help with the below question, and can you provide the excel formula if possible. 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 $75,820 that he may invest. He has found a mutual fund with an expected annual return of 4 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. (Round to one decimal? place.)

Reference no: EM133115571

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