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 $22000 for it recently.What is the approximate annualized rate of return on this painting?
A) 1) 12%
B) 2) 75%
C) 11.7%
D) 6) 75 %
Correct Answer:
Verified
Correct Answer:
Verified
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