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(Related to Checkpoint 5.6) (SolvingorKirk Van Houten, who has been married for 23 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $12,000 in 7 years. Kirk currently has $4,510 to invest. What annual rate of return must Kirk eam on his investment to aumulate enough money to pay for the ring? The annual rate o return Kirk must earn on his investment to accumulate enough money to pay for the ring is % Round to two decimal places