How long will it take jack to win jills hand in marriage

Reference no: EM133664214

Problem: Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $320 comma 000320,000 Rolls-Royce Phantom. Jack currently has $59 comma 29059,290 that he may invest. He has found a mutual fund with an expected annual return of 4.54.5 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.

Reference no: EM133664214

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