​(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 ​$44,400 that he may invest. He has found a mutual fund with an expected annual return of 7.6​% in which he will place the money. How long will it take Jack to win​ Jill's hand in​ marriage? Ignore taxes.       The number of years it will take for Jack to win​ Jill's hand in marriage is nothing years.  ​(Round to one decimal​ place.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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​(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
​$44,400
that he may invest. He has found a mutual fund with an expected annual return of
7.6​%
in which he will place the money. How long will it take Jack to win​ Jill's hand in​ marriage? Ignore taxes.
 
 
 
The number of years it will take for Jack to win​ Jill's hand in marriage is
nothing
years.  ​(Round to one decimal​ place.)
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