Question: In 2,012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $982,285. The comic book was originally sold

 In 2,012, an Action Comics No. 1, featuring the first appearance

In 2,012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $982,285. The comic book was originally sold in 1,945 for $0.08. For this to have been true, what was the annual increase in the value of the comic book? (Round your final answer to two decimal places and report in percentage form: xxx%)

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!