Essay
You bought a Picasso for $50,000 and sold it after 5 years for $88,000. What was the annual return on the investment?
Correct Answer:
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(1 + x)5 = $88,000/$50,000 = 1.760
x = 1...View Answer
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Correct Answer:
Verified
(1 + x)5 = $88,000/$50,000 = 1.760
x = 1...
x = 1...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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