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Find what The number of years will take for Jack to win Jill

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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 $340,000 Rolls-Royce Phantom. Jack currently has $41,520 that he may invest. He has found a mutual fund with an expected annual return of 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.

Problem 2: The number of years it will take for Jack to win Jill's hand in marriage is __________years.

Reference no: EM132941673

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