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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
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 $4,516 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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