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(Related to Checkpoint 5.6) (Solving for if you were offered $1,379 50 15 years from now in return for an investment of $500 currently, what

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(Related to Checkpoint 5.6) (Solving for if you were offered $1,379 50 15 years from now in return for an investment of $500 currently, what annual rate of interest would you earn if you look the offer The annual rate of interest you would earn it you took the offer is % (Round to the nearest whole percent) Related to Checkpoint 6.6) (Solving for ) Kirk Van Houten, who has been married for 24 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 50 your wedding anniversary Assume that the cost of the ring will be $12,000 in 6 years Kirk currently has 84.454 lo invest What annual rate of return must Kirk earn on his nvestment to accumulate enough money to pay for the ning? The annual rate of return Kik must earn on his investment to accumulate enough money to pay for the rings I (Round to two decimal places)

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