Question: In March 1963, Ironman was first introduced in issue number 39 of the comic book Tales of Suspense. The original price for that issue was

In March 1963, Ironman was first introduced in issue number 39 of the comic book Tales of Suspense. The original price for that issue was 12 cents. By March of 2013, 50 years later, the value of this comic book had risen to $9,000. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 2013?

Step by Step Solution

3.33 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

FV n PV 1 i n I FV n PV 1 n ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

344-B-F-F-M (4786).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!