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Kirk Van Houten, who has been married for 2 4 years , would like to buy his wife an expensive diamond ring with a platinum

Kirk Van Houten, who has been married for 24years, would like to buy his wife an expensive diamond ring with a platinum setting on their30-year wedding anniversary. Assume that the cost of the ring will be $11 comma 000 in 6 years. Kirk currently has $4 comma 477 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

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