Question: ( Solving for i ) Puck Van HoutenPuck Van Houten , who has been married for 2 1 2 1 years , would like to

(Solving for
i)
Puck Van HoutenPuckVanHouten,
who has been married for
2121
years, would like to buy their partner an expensive diamond ring with a platinum setting on their30-year wedding anniversary. Assume that the cost of the ring will be
$12 comma 50012,500
in
99
years.
PuckPuck
currently has
$4 comma 5434,543
to invest. What annual rate of return must
PuckPuck
earn on their investment to accumulate enough money to pay for the ring?

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