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( Related to Checkpoint 5 . 6 ) ( Solving for i ) Kirk Van Houten, who has been married for years , would like
Related to CheckpointSolving for i Kirk Van Houten, who has been married for years would like to buy his wife an expensive diamond ring with a platinum setting on theiryear wedding anniversary. Assume that the cost of the ring will be $ in years. Kirk currently has $ 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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