Question: (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.

(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

$9,840

that he may invest. He has found a mutual fund with an expected annual return of

8

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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