(Related to Checkpoint 5.6) (Solving for 7 ) Kirk Van Houten, whio has been manied for 23 yeats. would like to buy his wife an expensve damond ring with a platinum setting on their 30-year weoding anneversacy. Assume thet the cost of the ring wil be $13,000 in 7 years. Kork currenty has 54.509 to imest. What annual hate of retum must kick earn on his inveatment to accumulate enough money to pay for the ring? The annual nale of return Kik must eacn on his investment to accumidile enough money to pay for the ring is .4. (Round to two decimal places.)