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(Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $300,000 Rolls-Royce Phantom. Jack currently has $31,480 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 GITT The number of years it will take for Jack to win Jil's hand in marriage is years. (Round to one decimal place.) Related to Checkpoint 5.6) (Solving for i) If you were offered $4,904.00 16 years from now in return for an investment of $800 currently, what annual rate of interest would you earn if you took the offer? The annual rate of interest you would earn if you took the offer is%. (Round to the nearest whole percent) (Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 13 percent compounded quarterly? Assume that you invest $1 today If you invest $1 at 13 percent compounded quarterly, about how many years would it take for your investment to grow sevenfold to $7? (Hint: Remember to convert your calculator solution to years.) years (Round to one decimal place.)