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Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new
$310,000
Rolls-Royce Phantom. Jack currently has
$27,960
that he may invest. He has found a mutual fund with an expected annual return of
6.5
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.
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