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Homework: 3-1 MyFinanceLab Assignment (Related to Checkpoint 5.6) (Solving for i) Kirk Van Houten, who has been married for 21 years, would like to buy
Homework: 3-1 MyFinanceLab Assignment (Related to Checkpoint 5.6) (Solving for i) Kirk Van Houten, who has been married for 21 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 $11,500 in 9 years. Kirk currently has $4,558 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring? Help me solve this Question 7, P5-16 (similar to) The annual rate of return Kirk must earn on his investment to accumulate enough money to pay for the ring is %. (Round to two decimal places.) View an example Get more help. C HW Score: 26%, 13 of 50 points O Points: 0 of 3 Clear all Save Check
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