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mario62 [17]
3 years ago
14

Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. the comic book was originally sold in

1941 for $.07. for this to have been true, what was the annual increase in the value of the comic book? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.) annual increase %
Business
1 answer:
sladkih [1.3K]3 years ago
8 0
Time =2,015−1,941=74 years

Annual increase=(1,905,000÷0.7)^(1÷74)−1=0.2217×100=22.17%
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