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(Related to Checkpoint 5.6) (Solving for h) Kirk Van Houten, who has been married for 21 years, would like to buy his wife an expensive

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(Related to Checkpoint 5.6) (Solving for h) Kirk Van Houten, who has been married for 21 years, would like to buy his wife an expensive diamond ring wioh a platinum selting on their 30-year wedding anniversary. Assume that the cost of the ring wis be $12.500 in 9 yoars. Kirk currently has $4.514 to invest. What annus rate of retum must Kork eam an his investment to accumulate enough money to pay for the ring? The annual rate of return Kirk must earn on his investment to accumulate enough money to pay for the ring is 1. (Round to two decimal places)

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