Question: 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
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 $ 45,530 that he may invest. He has found a mutual fund that pays 4.5% annual interest in which he will place the money. How long will it take Jack to win Jill’s hand in marriage?
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