kirk van houten, who has been married for $23$ years, would like to bu his wife an expensive dia$($Related to Checkpoint $5\mathrm{.}6)($Solving for $i)$ Kirk Van Houten, who has been married for $23$ 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 $$10,500$ in $7$ years. Kirk currently has $$4,449$ 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

$\%.($Round

to two decimal places.$)$mnond ring with a platinum setting on thier $30-$year wedding anniversary. Assume the cost of the ring will be $$10,500$ in $7$ years. Kirk currently has $$4,449$ to invest. What annual rate of return must kirk earn on his investment to accumalte enough money to pay for the ring?