How long will take jack to win jills hand in marriage

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Reference no: EM13328498

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 $50,680 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.

Reference no: EM13328498

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