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Kirk van houten, who has been married 2 1 years, would like to buy his wife an expensive diamond ring with a platinum setting on

Kirk van houten, who has been married 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 $13,000 in 9 years. Kirk currently has $4,507 to invest. What annual rate of return must kirk earn on his investment to accumulate enough money to pay for the ring?

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