Question: Jack must buy a new $ 3 3 0 , 0 0 0 Rolls - Royce Phantom. Jack currently has $ 1 4 , 4

Jack must buy a new $330,000Rolls-Royce Phantom. Jack currently has $14,410 that he may invest. He has found a mutual fund with an expected annual return of 7.5 percent in which he will place the money. How long will it take Jack to afford this car? Ignore taxes and inflation.

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