In September 1964, the first Ming dynasty vase was found after an excavation in Xian Province, China.
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In September 1964, the first Ming dynasty vase was found after an excavation in Xian Province, China. The original price for the vase at that time was \($5,000.\) By September 2019, 55 years later, the value of the vase had risen to \($5,500,000.\) What annual rate of interest would you have earned if you, as an antique collector, had bought the vase in 1964 and sold it in 2019?
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Related Book For
Foundations Of Finance
ISBN: 9781292318738
10th Global Edition
Authors: Arthur Keown, John Martin, J. Petty
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