Time Value Personal Finance Problem Misty needs to have $16,000 in 4 years to fulfill her goal of purchasing a small untouched for 4 years until it grows to $16,000, but she wonders what sort of investment return she will need to earn to re approximate annually compounded rate of return needed if she can invest $11,500 today. The annually compounded rate of return Misty needs to eam to reach her goal is %. (Round to two decimal places.)