5. Kirk Van Houten, who has been 4 পয়েন্ট married for 14 years, would like to buy his wife an expensive diamond ring wi
Posted: Sun Apr 10, 2022 8:44 am
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5. Kirk Van Houten, who has been 4 পয়েন্ট married for 14 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 25-year wedding anniversary. Assume that the cost of the ring will be $12,000 in 11 years. Kirk currently has $4,510 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring?