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Kirk VanHouten, who has been married for 25 years, would like to buy his wife an expensive diamond ring with a platinum setting on their

Kirk VanHouten, who has been married for 25 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 $6,685 in 5 years. Kirk currently has $4,550 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for thering?

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