You bought a painting 8 years ago as an investment. You originally paid $153,000 for it. If you sold it for $261,000, what is your annual return on the investment? Assume annual compounding. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

Answer rating: 100% (QA)

Answer We can use the following formula to calculate the annual rate o... View the full answer