Misty needs to have $23,000 at the end of 8 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 8 years until it grows to $23,000, but she wonders what investment return she will need to earn to reach her goal. Use your calculator or spreadsheet to figure out the annually compounded rate of return required if she could invest $16,200 today.