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How long will take jack to win? jill hand in? marriage

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Problem 1: 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 ?$40,300 that he may invest. He has found a mutual fund with an expected annual return of 5.5 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: EM132843733

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