Question: During 2 , 0 2 0 , someone sold a coin at auction for a price of $ 1 0 , 6 9 0 .

During 2,020, someone sold a coin at auction for a price of $10,690. Unfortunately for the previous owner, he had purchased it in 2,006 at a price of $13,623. What was his annual rate of return on this investment in %?(A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places)
 During 2,020, someone sold a coin at auction for a price

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Finance Questions!