Question: Please show all work and number each problem correctly! Kirk Van Houten, who has been married for 20 years, would like to buy his wife
Kirk Van Houten, who has been married for 20 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume th $4,500 to invest. What a ring? Click the table icon to view the PVIF table 1 6. at the cost of the ring will be $18,205 in 10 years. Kirk currently has nnual rate of return must Kirk ean on his investment to accumulate enough money to pay for the %. (Round to the nearest integer.) The annual rate of return Kirk must earn on his investment is 1: Data Table Present Value of $1 (PVIF) 10% 11% 12% 13% 14% 15% 16% 0.8700.862 0.7560 0.658 0.9010.8 0.885 0 0.935 0.926.970 0.873 0.857 0.842 0.8260.812 0.797 693 0.675 0.613 0.592 0.593 0.567 0.543 0.5190.497 0.47 0.641 0.794 0.7720.751 0.731 0.816 0.763 0.735 0.708 0.683 0.690.636 0.713 0.68 0.650 0.621 0.596 0.564 0.535 0.507 0.4 0.547| 0.513| 0482| 0452 0.502 60.666 0.6305 0.376 0.354 0.305 0.263 0.227 0.2150.195 0.425 0.4 0.623 0.351 0.308 0.284 0.270 0.237 0.208 0467 0.434 0 0.391 0.544 0.500 0.424 0.361 0.333 0.463 0.422 0.386 0.322 0.29 0.2470 0.352 0.475 0.429 0.388 0.3 0.444 0.397 0.356 0.261 286 0.257 0.231 0.229 0.204 0.317 0.28 12 0.319 0. 0.187 0.4150.368 0326- 0.2900.258- 0.2290204|-0.182- 0.163-0.145 13 0.141 0.388 0 0.362 0.315 0.2750.2390.209 0.339 0.292 0.340 0.2990.2630.232 15 0.252 0.218 0.188 0.16 3 0.141 0.093 17.1-0.317 - 0.270 0.231|0.198 -0.170 0.146 - 0.125 0.108| 0.093 0 0.296 0.250 0.2120.180 0.1530.1 0.277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0 18 0.111 0.095 0.080.06 19 20 0.258 0.215 0.178 0.1490.124 0.104 0.87 0.073 0.0610.051 0.044 21 0.242 0.199 0.164 0.1350.112.0930.07 0.064 0.053 0.1230.100.083 0.068 0.056 0.112 0.090.0740.0600.04 0.102 0.082 0.0920.0740.059 0.226 0.184 040 23 0.211 0.17 0.158 0.12 0.066 0.053 25 0.038 30 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.004 0.01 032 0.022 0.015 0.034 0.020.013 0.009 0.005 0.003 0.002 0.067 0.046 0.011 0.008 0.001 0.001 0.001
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