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How long will it take Jack to win Jill hand in marriage

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Question - Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $340,000 Rolls-Royce Phantom.  Jack currently has $15,890 that he may invest. He has found a mutual fund with an expected annual return of 8 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.

Reference no: EM133042519

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