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Kirk Van Houten, who has been married for 2 3 years, would like to buy his wife an expensive diamond ring with a platinum setting
Kirk Van Houten, who has been married for years, would like to buy his wife an expensive diamond ring with a platinum setting on their year wedding anniversary. Assume that the cost of the ring will be $ in years. Kirk currently has $ 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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