(Related to Checkpoint 5.6) (Solving for I) Kirk Van Houten, who has been marriod for 21 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $12,500 in 9 years. Kirk currently has $4,514 to invest What annual rate of retum must Kirk earn on his investment to accumulate encugh money to pay for the ring? The annual rate of retum Kirk must earn on his investment to accumulato enough money to pay for the ring is (Round to two decimal places )