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married for 2 3 years, assume the cost of the ring will be 1 2 , 5 0 0 in 7 years. Kirk currently has

married for 23 years, assume the cost of the ring will be 12,500 in 7 years. Kirk currently has 4,511 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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