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This Question: 1 pt 19 117 complete) This Quiz: 19 pts possible (Related to Checkpoint 5.6) (Solving for it) Kirk Van Houten, who has been
This Question: 1 pt 19 117 complete) This Quiz: 19 pts possible (Related to Checkpoint 5.6) (Solving for it) Kirk Van Houten, who has been married 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 $10,500 in 9 years. Kirk currently has $4,429 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring? The annual rate of return Kirk must eam on his investment to accumulate enough money to pay for the ring is I % (Round to two decimal places.) of of tof nec alue from Enter your answer in the answer box dtv A MacBoo URL 1 & ) O E 7 delete 8 9
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