Naldo Is Considering Selling a Painting He Inherited from His

question 29

Multiple Choice

Naldo is considering selling a painting he inherited from his grandparents and which cost $200 when purchased 72 years ago.He accepted an offer for $22 000 for it recently.What is the annualized rate of return on this painting?

• A)1)12%
• B)2)75%
• C)11.7%
• D)6)75 %

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