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Kirk Van Houten, who has been married for 17 years, would like to buy his wife an expensive diamond ring with a platinum setting on
Kirk Van Houten, who has been married for 17 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 S32,019 in 13 years. Kirk currently has S4,650 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring? Note: A financial calculator may be necessary to compute the answer.) compute the answer) %, Round to the nearest The annual rate ofreturn Krk must earn on whole number) st vestment to accumulate enough money to pay or tengs
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