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Kirk currently has $ 4 , 5 5 5 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough

Kirk currently has $

4, 555

to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring?

The annual rate of return Kirk must earn on his investment to accumulate enough money to pay for the ring is

6 . (

Round to two decimal places.

)

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