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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

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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